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:

Higher-Frequency

Refers to waves or events that occur at an increased rate per unit time, often associated with higher energy levels in the context of electromagnetic spectrums.

Lower-Frequency

Pertaining to waves, especially sound or electromagnetic waves, that have a relatively long wavelength and low rate of vibration.

Basilar Membrane

A key structure within the cochlea of the inner ear, responsible for mechanotransduction in auditory perception.

Oval Window

A membrane-covered opening that leads from the middle ear to the inner ear and is critical in the process of converting sound waves into nerve impulses.