Exhibit 11-1

-Given aggregate demand and aggregate supply schedule #3 in Exhibit 11-1, the equilibrium level of output and price level are
A)output $7.0, price level 110
B)output $6.5, price level 120
C)output $6.0, price level 130
D)output $5.0, price level 150
E)output $5.5, price level 140

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
A)output $7.0, price level 110 
B)output $6.5, price level 120 
C)output $6.0, price level 130 
D)output $5.0, price level 150 
E)output $5.5, price level 140

Quizplus · Accepted Answer

The Answer of Exhibit 11-1
 
-Given aggregate demand and aggregate supply schedule #3 in Exhibit 11-1, the equilibrium level of output and price level are
A)output $7.0, price level 110 
B)output $6.5, price level 120 
C)output $6.0, price level 130 
D)output $5.0, price level 150 
E)output $5.5, price level 140

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