Answer the Question on the Basis of the Following Aggregate

question 98

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,this might have been caused by:

• A) an increase in net exports.
• B) a worsening of business expectations.
• C) an increase in consumer wealth.
• D) a decrease in the personal income tax.

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Definitions:

Cyclohexane

A saturated hydrocarbon with the molecular formula \(C_6H_{12}\), consisting of a ring of six carbon atoms, and is often used as a nonpolar solvent in chemistry.

Alkyl Substituents

Alkyl substituents are groups of carbon and hydrogen atoms attached to a molecule, derived from alkanes by removing one hydrogen atom.

Axial

A term used in chemistry to describe positions in a molecule that are parallel to the axis of symmetry, often referring to substituents in cyclic compounds.

Energy Conformation

The arrangement of the atoms in a molecule that reflects a particular state of energy, particularly in a context where molecules may assume different shapes or orientations.