The Following Aggregate Demand and Supply Schedules Are for a Hypothetical

question 92

Multiple Choice

The following aggregate demand and supply schedules are for a hypothetical economy: Refer to the above data.If the price level is 150 and producers supply $300 of real output:

• A)a shortage 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.