Exhibit 11-1

-Given aggregate demand and aggregate supply schedule #3 in Exhibit 11-1, the equilibrium level of output and price level are $5.5 and 140.

Name: Exhibit 11-1 -Given aggregate demand and aggregate supply schedule #3 in Exhibit 11-1, the equilibrium level of output and price level are $5.5 and 140.
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Question

Exhibit 11-1
 
-Given aggregate demand and aggregate supply schedule #3 in Exhibit 11-1, the equilibrium level of output and price level are $5.5 and 140.

Quizplus · Accepted Answer

The equilibrium level of output and price level are $5.5 and 140, respectively, as stated in the given question.

Exhibit 11-1 -Given Aggregate Demand and Aggregate Supply Schedule #3 in Exhibit