The Following Table Shows the Aggregate Demand and Aggregate Supply

question 138

Multiple Choice

The following table shows the aggregate demand and aggregate supply schedule for a hypothetical economy. Refer to the above table.The equilibrium price level and quantity of real domestic output will be:

• A)150 and $1000.
• B)150 and $1500.
• C)200 and $2000.
• D)250 and $2500.

---

Definitions:

Inception

The beginning point or establishment of an activity, agreement, or document.

U.S.GAAP

The collection of authoritative standards and principles for financial accounting and reporting in the United States, established by the Financial Accounting Standards Board.

IFRS

International Financial Reporting Standards; a set of accounting standards developed by the International Accounting Standards Board (IASB) aiming at standardizing financial reporting across the globe.

Liquidity

A measure of a company's ability to pay off its short-term liabilities with its available cash and quick assets.