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:

In Utero

Pertaining to or occurring within the uterus; often used to describe development or conditions before birth.

Genetic and Environmental Factors

Elements that contribute to the development and characteristics of organisms, including inherited genes from parents and conditions of the environment in which the organism lives.

Phenotype

The observable characteristics of a person, including appearance, personality, intelligence, and all other traits.

Genotype

An organism’s entire genetic inheritance, or genetic potential.