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Consider Schedule #1 in the Aggregate Demand and Aggregate Supply

question 78

Multiple Choice

Consider schedule #1 in the aggregate demand and aggregate supply table given below. The equilibrium output and price level for the economy described on this schedule are: Consider schedule #1 in the aggregate demand and aggregate supply table given below. The equilibrium output and price level for the economy described on this schedule are:   A)  $7.0 and 110, respectively. B)  $6.5 and 120, respectively. C)  $6.0 and 130, respectively. D)  $5.5 and 140, respectively. E)  $5.0 and 150, respectively.


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