Table 10.2 -Refer to Table 10.2, Which Shows the Aggregate Demand and the Aggregate

question 52

Multiple Choice

Table 10.2

-Refer to Table 10.2, which shows the aggregate demand and aggregate supply in an economy. In schedule #1, the equilibrium output and price level for the economy 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.