-Refer to the table in the exhibit.Consider the aggregate demand and the aggregate supply schedule #2.What is the equilibrium output level and price level?
A) Output is $7.00, and price level is 110.
B) Output is $6.50, and price level is 120.
C) Output is $6.00, and price level is 130.
D) Output is $5.50, and price level is 140.

Question

-Refer to the table in the exhibit.Consider the aggregate demand and the aggregate supply schedule #2.What is the equilibrium output level and price level?  
A) Output is $7.00, and price level is 110. 
B) Output is $6.50, and price level is 120. 
C) Output is $6.00, and price level is 130. 
D) Output is $5.50, and price level is 140.

Quizplus · Accepted Answer

The Answer of 
-Refer to the table in the exhibit.Consider the aggregate demand and the aggregate supply schedule #2.What is the equilibrium output level and price level?  
A) Output is $7.00, and price level is 110. 
B) Output is $6.50, and price level is 120. 
C) Output is $6.00, and price level is 130. 
D) Output is $5.50, and price level is 140.

-Refer to the Table in the Exhibit