(Figure: Determining Aggregate Equilibrium Levels) Equilibrium output is _____ units, and the equilibrium price level is _____.
A) 100; $3,000
B) 2,000; $130
C) 3,000; $100
D) 5,000; $160

Question

(Figure: Determining Aggregate Equilibrium Levels)  Equilibrium output is _____ units, and the equilibrium price level is _____.
A) 100; $3,000 
B) 2,000; $130 
C) 3,000; $100 
D) 5,000; $160

Quizplus · Accepted Answer

The intersection of the aggregate demand and aggregate supply curves occurs at a output level of 3,000 units and a price level of $100.

(Figure: Determining Aggregate Equilibrium Levels) Equilibrium Output Is _____