Real Domestic Output Real Domestic Output Demanded (In Billions) Price

question 111

Multiple Choice

Real Domestic Output Real Domestic Output Demanded (in Billions) Price Level (Index Value) Supplied
$500 350 $3,500
1,000 300 3,000
1,500 250 2,500
2,000 200 2,000
2,500 150 1,500
3,000 100 1,000
The accompanying table shows the aggregate demand and aggregate supply schedule for a
Hypothetical economy. If the quantity of real domestic output demanded decreased by $500 and
The quantity of real domestic output supplied increased by $500 at each price level, the new
Equilibrium price level and quantity of real domestic output would be

• A) 150 and $1,500.
• B) 150 and $2,000.
• C) 200 and $2,000.
• D) 250 and $2,000.

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Definitions:

NIC

Stands for Network Interface Card, a computer hardware component that connects a computer to a network.

CSMA/CD

The method used on Ethernet networks to avoid data collisions; short for carrier sense multiple access with collision detection. A node connected to the network uses carrier sense to verify that no other nodes are currently transmitting data signals.

P2P

Stands for Peer-to-Peer, a decentralized communications model in which each party has the same capabilities and either party can initiate a communication session.

MAC Address

A distinctive identifier allocated to network interfaces for communication on the physical network section.