Refer to the information provided in Table 9.5 below to answer the questions that follow.
Table 9.5
All Numbers are in $ Million
-Refer to Table 9.5. The equilibrium level of aggregate output is $________ million.

Question

Refer to the information provided in Table 9.5 below to answer the questions that follow.
Table 9.5
All Numbers are in $ Million 
-Refer to Table 9.5. The equilibrium level of aggregate output is $________ million.

Quizplus · Accepted Answer

The equilibrium level of aggregate output is where Aggregate Demand (AD) is equal to Aggregate Supply (AS). In the table, we can see that AD is equal to AS at a price level of 100 and an output level of $1,400 million.

Refer to the Information Provided in Table 9