The Table Gives Aggregate Demand and Supply Schedules for a
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question 125

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 amount of real output demanded at each price level falls by $200, the equilibrium price level and
Equilibrium level of real domestic output will fall to

• A) 250 and $200, respectively.
• B) 200 and $300, respectively.
• C) 150 and $300, respectively.
• D) 150 and $200, respectively.

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Definitions:

Management Rights

The entitlements and powers that owners or managers of businesses have to direct and control operations and make decisions regarding the workplace.

Labour Organizations

Groups formed to represent the interests of workers in negotiations with employers over wages, benefits, and working conditions.

Mode Of Governance

The method or system through which an organization, state, or society is ruled or managed.

Collective Bargaining

The negotiation process between employers and a group of employees aimed at reaching agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.