The Table Gives Aggregate Demand and Supply Schedules for a
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question 75

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. The equilibrium price level will be

• A) 150.
• B) 200.
• C) 250.
• D) 300.

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Definitions:

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A critical or intense point in a situation that requires immediate attention and action to prevent or mitigate damage.

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