-Refer to the table in the exhibit.Consider the aggregate demand and aggregate supply schedule #1.What is the equilibrium level of output?
A) $5.00
B) $5.50
C) $6.00
D) $6.50

Question

-Refer to the table in the exhibit.Consider the aggregate demand and aggregate supply schedule #1.What is the equilibrium level of output?  
A) $5.00 
B) $5.50 
C) $6.00 
D) $6.50

Quizplus · Accepted Answer

The equilibrium level of output is where the aggregate demand equals the aggregate supply. In schedule #1, this occurs at a price level of $6.00.

-Refer to the Table in the Exhibit