Examlex

Solved

Table 101 -Refer to Table 10

question 36

Multiple Choice

Table 10.1
 Table 10.1 Quantity of  Aggregate Output  Demanded ($)   Price  Level  Quantity of  Aggregate Output  Supplied ($)  7.01105.06.51205.56.01306.05.51406.55.01507.0\begin{array}{l}\text { Table } 10.1\\\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Quantity of } \\\text { Aggregate Output } \\\text { Demanded (\$) }\end{array} & \begin{array} { c } \text { Price } \\\text { Level }\end{array} & \begin{array} { c } \text { Quantity of } \\\text { Aggregate Output } \\\text { Supplied (\$) }\end{array} \\\hline 7.0 & 110 & 5.0 \\\hline 6.5 & 120 & 5.5 \\\hline 6.0 & 130 & 6.0 \\\hline 5.5 & 140 & 6.5 \\\hline 5.0 & 150 & 7.0 \\\hline\end{array}\end{array}
-Refer to Table 10.1, which shows the aggregate demand and aggregate supply in an economy. The equilibrium output and price level for the economy are _____


Definitions:

Related Questions