The Following Table Shows an Aggregate Demand Schedule and an Aggregate

question 82

Multiple Choice

The following table shows an aggregate demand schedule and an aggregate supply schedule.Which of the following is true?
Table 5.1
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$$\begin{array} { | c | c | c | } \hline \begin{array} { l } \text { Aggregate Demand (quantity } \\\text { demanded in billions of } \\\text { dollars) }\end{array} & \begin{array} { l } \text { Price Level } \\\text { (\$) }\end{array} & \begin{array} { l } \text { Aggregate Supply (quantity supplied in } \\\text { billions of doll ars) }\end{array} \\\hline 100 & 150 & 1,200 \\\hline 200 & 125 & 1,000 \\\hline 400 & 100 & 800 \\\hline 600 & 75 & 600 \\\hline 800 & 50 & 400 \\\hline 1,000 & 25 & 200 \\\hline\end{array}$$

• A)Equilibrium output is $1,000,and equilibrium price level is 25.
• B)Equilibrium output is $800,and equilibrium price level is 50.
• C)Equilibrium output is $200,and equilibrium price level is 125.
• D)Equilibrium output is $400,and equilibrium price level is 25.
• E)Equilibrium output is $600,and equilibrium price level is 75.

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