Answer the Question on the Basis of the Following Aggregate

question 94

Multiple Choice

Answer the question on the basis of the following aggregate demand and supply schedules for a hypothetical economy: $\begin{array}{c}\begin{array}{c}\text {Amount of Real }\\\underline{\text {Output Demanded}}\\\$ 200 \\300 \\400 \\500 \\600\end{array}\begin{array}{c}\text {Price Level}\\\underline{\text {(Index Value) }}\\300\\250\\200\\150\\100\end{array}\begin{array}{c}\text {Amount of Real}\\\underline{\text {Output Supplied}}\\\$ 500 \\450 \\400 \\300 \\200\end{array}\end{array}$ Refer to the data.If the amount of real output demanded at each price level falls by $200,the equilibrium price level and equilibrium level of real domestic output will fall to:

• A) 250 and $200,respectively.
• B) 200 and $300,respectively.
• C) 150 and $300,respectively.
• D) 150 and $200,respectively.

---

Definitions:

Publisher's Attempt

Efforts by a publishing entity to produce and distribute content, such as books, articles, or software.

Reliability

How consistently and stably a measurement instrument yields results across different instances.

Odd-even Reliability

Odd-even reliability is a method to assess the internal consistency of a test by comparing the results of odd-numbered items with those of even-numbered items.

Digital Natives

Individuals who have been exposed to digital technology from a young age and are comfortable using it, contrasting with "digital immigrants" who have had to adapt to digital innovations later in life.