-Refer to the Table in the Exhibit

question 127

Multiple Choice

-Refer to the table in the exhibit.Consider the aggregate demand and the aggregate supply schedule #3.What is the equilibrium output level and price level?  

• A) Output is $6.50, and price level is 120.
• B) Output is $6.00, and price level is 130.
• C) Output is $5.00, and price level is 150.
• D) Output is $5.50, and price level is 140.

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