The Following Aggregate Demand and Supply Schedules Are for a Hypothetical

question 117

Multiple Choice

The following aggregate demand and supply schedules are for a hypothetical economy: Refer to the above data.If the amount of real output demanded at each price level falls by $200, the equilibrium price level and equilibrium level of real domestic output will fall to:

• A)250 and $200, respectively.
• B)200 and $300, respectively.
• C)150 and $300, respectively.
• D)150 and $200, respectively.