The Accompanying Table Shows the Aggregate Demand and Aggregate Supply

question 170

Multiple Choice

$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Real Domestic Output } \\\text { Demanded (in Billions) }\end{array} & \text { Price Level (Index Value) } & \begin{array} { c } \text { Real Domestic Output } \\\text { Supplied (in Billions) }\end{array} \\\hline \$ 3,000 & 350 & \$ 9,000 \\\hline 4,000 & 300 & 8,000 \\\hline 5,000 & 250 & 7,000 \\\hline 6,000 & 200 & 6,000 \\\hline 7,000 & 150 & 5,000 \\\hline 8,000 & 100 & 4,000 \\\hline\end{array}$$ The accompanying table shows the aggregate demand and aggregate supply schedules for a hypothetical economy. The equilibrium price and output levels will be

• A) 200 and $5,000.
• B) 200 and $6,000.
• C) 250 and $7,000.
• D) 300 and $8,000.

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Definitions:

Small Work Group

A limited number of individuals assembled to perform tasks or achieve specific goals, characterized by close interaction and collaboration.

Non-Managerial Workers

Employees within an organization who are not in charge of supervising others and focus on executing tasks rather than managing.

Team Leader

A team leader is someone who provides guidance, instruction, direction, and leadership to a group for the purpose of achieving a key result or group of aligned results.

Employee Turnover

The rate at which employees leave a company and are replaced by new personnel over a certain period.