For the Aggregate Demand and Aggregate Supply Listed in Schedule

question 68

Multiple Choice

For the aggregate demand and aggregate supply listed in schedule #3 of the table given below, the equilibrium output level and price level 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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Definitions:

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