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

question 40

Multiple Choice

Exhibit 11-1

-Given aggregate demand and aggregate supply schedule #1 in Exhibit 11-1, the equilibrium level of output is

• A)$5.0
• B)$5.5
• C)$6.0
• D)$6.5
• E)$7.0

---

Definitions:

Endocrine Gland

Endocrine system glands that directly secrete hormones into the bloodstream.

Thyroid

A gland in the neck that produces hormones regulating growth and metabolism.

Autonomic Nervous System

A part of the nervous system that controls involuntary functions in the body, such as heart rate, digestion, and respiratory rate.

Somatic Nervous System

Part of the peripheral nervous system associated with the voluntary control of body movements through the action of skeletal muscles.