Refer to the information provided in Figure 8.9 below to answer the questions that follow. Figure 8.9
-Refer to Figure 8.9. Equilibrium output equals
A) 100.
B) 150.
C) 200.
D) 300.

Question

Refer to the information provided in Figure 8.9 below to answer the questions that follow.  Figure 8.9
-Refer to Figure 8.9. Equilibrium output equals
A) 100. 
B) 150. 
C) 200. 
D) 300.

Quizplus · Accepted Answer

Equilibrium output occurs where the AD and SRAS curves intersect. In this case, they intersect at a point where output equals 200. Therefore, C is the correct answer.

Refer to the Information Provided in Figure 8