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-Refer to the Table in the Exhibit

Question 48

Multiple Choice

-Refer to the table in the exhibit.Consider the aggregate demand and the aggregate supply schedule #3.What is the equilibrium output level and price level?   A)  Output is $6.50, and price level is 120.  B)  Output is $6.00, and price level is 130.  C)  Output is $5.00, and price level is 150.  D)  Output is $5.50, and price level is 140.
-Refer to the table in the exhibit.Consider the aggregate demand and the aggregate supply schedule #3.What is the equilibrium output level and price level?  


A)  Output is $6.50, and price level is 120. 
B)  Output is $6.00, and price level is 130. 
C)  Output is $5.00, and price level is 150. 
D)  Output is $5.50, and price level is 140.

Correct Answer:

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