Figure 11.3: -Using Figure 11.3,if the economy is in equilibrium at a real output of Q₃ then: A) Aggregate demand must be AD₁. B) Aggregate supply could be either AS₁ or AS₂ depending on the level of aggregate demand. C) The equilibrium price level is P₂. D) Aggregate demand is AD₂ and aggregate supply is AS₂.

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The Answer of Figure 11.3: -Using Figure 11.3,if the economy is in equilibrium at a real output of Q₃ then: A) Aggregate demand must be AD₁. B) Aggregate supply could be either AS₁ or AS₂ depending on the level of aggregate demand. C) The equilibrium price level is P₂. D) Aggregate demand is AD₂ and aggregate supply is AS₂.

Figure 11.3: -Using Figure 11.3,if the Economy Is in Equilibrium at a Equilibrium