The Table Gives Aggregate Demand and Supply Schedules for a
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question 77

Multiple Choice

$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Amount of Real Output } \\\text { Demanded }\end{array} & \text { Price Level (Index Value) } & \begin{array} { c } \text { Amount of Real Output } \\\text { Supplied }\end{array} \\\hline \$ 200 & 300 & \$ 500 \\\hline 300 & 250 & 450 \\\hline 400 & 200 & 400 \\\hline 500 & 150 & 300 \\\hline 600 & 100 & 200 \\\hline\end{array}$$ The table gives aggregate demand and supply schedules for a hypothetical economy. If the price level is 250 and producers supply $450 of real output,

• A) a shortage of real output of $150 will occur.
• B) a shortage of real output of $100 will occur.
• C) a surplus of real output of $150 will occur.
• D) neither a shortage nor a surplus of real output will occur.

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Definitions:

Conciliatory

Showing willingness to reconcile or make concessions to reach a peaceful resolution.

Aggression

Behavior aimed at causing harm or pain to others, which can be physical or verbal.

Sympathetic Arousal

Activation of the sympathetic nervous system, leading to physiological changes such as increased heart rate and blood pressure, often in response to stress or threat.

Fight or Flight

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.