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-If the Price Level Is 150,then:
A)a Surplus of Real

Question 27

Multiple Choice

 Amount of Real  Output Demanded  Price Level  (index value)   Amount of Real  Output Supplied $200300$475300250450400200400500150300600100100\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Amount of Real } \\\text { Output Demanded }\end{array} & \begin{array} { c } \text { Price Level } \\\text { (index value) }\end{array} & \begin{array} { c } \text { Amount of Real } \\\text { Output Supplied }\end{array} \\\hline \$ 200 & 300 & \$ 475 \\\hline 300 & 250 & 450 \\\hline 400 & 200 & 400 \\\hline 500 & 150 & 300 \\\hline 600 & 100 & 100 \\\hline\end{array}
-If the price level is 150,then:


A) a surplus of real output of $200 will occur
B) a shortage of real output of $100 will occur
C) a surplus of real output of $300 will occur
D) neither a shortage nor a surplus of real output will occur
E) a shortage of real output of $200 will occur

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