The Accompanying Table Shows the Aggregate Demand and Aggregate Supply

question 270

Multiple Choice

$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Real Domestic Output } \\\text { Demanded (in Billions) }\end{array} & \text { Price Level (Index Value) } & \begin{array} { c } \text { Real Domestic Output } \\\text { Supplied }\end{array} \\\hline \$ 500 & 350 & \$ 3,500 \\\hline 1,000 & 300 & 3,000 \\\hline 1,500 & 250 & 2,500 \\\hline 2,000 & 200 & 2,000 \\\hline 2,500 & 150 & 1,500 \\\hline 3,000 & 100 & 1,000 \\\hline\end{array}$$ The accompanying table shows the aggregate demand and aggregate supply schedule for a hypothetical economy. If the quantity of real domestic output demanded increased by $1,000 at
Each price level, the new equilibrium price level and quantity of real domestic output would be

• A) 150 and $2,500.
• B) 250 and $2,500.
• C) 200 and $2,000.
• D) 300 and $3,000.

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Definitions:

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