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.

Recognize unethical and biased practices in the history of psychological testing.

Grasp the role of psychological testing in educational settings historically.

Understand the significance of intellectual and vocational assessment in psychology.

Acknowledge the development and significance of projective testing within psychological assessment.

---

Definitions:

Futures Contract

A standardized legal agreement to buy or sell a particular commodity or financial asset at a predetermined price at a specified time in the future.

Futures Contract

A contractual arrangement to purchase or sell a specified asset, like a commodity or financial instrument, at an agreed-upon price on a future date.

Bushels

A unit of volume that is used primarily for measuring quantities of grain.

Soybeans

A type of legume native to East Asia, widely grown for its edible bean which has numerous uses, including oil production and as a protein source in animal feeds and various food products.