The accompanying table shows the aggregate demand and aggregate supply schedule for a hypothetical economy. If the quantity of real domestic output demanded increased by $1,000 at
Each price level, the new equilibrium price level and quantity of real domestic output would be
A) 150 and $2,500.
B) 250 and $2,500.
C) 200 and $2,000.
D) 300 and $3,000.
Correct Answer:
Verified
Q238: A change in which one of the
Q239: If Congress passed new laws significantly increasing
Q240: Suppose that an economy produces 500 units
Q241: Q242: With cost-push inflation, there will be Q244: If at a particular price level, real Q245: The economy experiences a decrease in the Q246: Inflation tends to
A) an
A) increase productivity.
B) decrease input
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