Exhibit 11-1 -Given Aggregate Demand and Aggregate Supply Schedule #2 in Exhibit

question 169

Multiple Choice

Exhibit 11-1

-Given aggregate demand and aggregate supply schedule #2 in Exhibit 11-1, the equilibrium output level and price level are

• A)output $7.0, price level 110
• B)output $6.5, price level 120
• C)output $6.0, price level 130
• D)output $5.5, price level 140
• E)output $5.0, price level 150

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