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Using Figure 8

question 121

Multiple Choice

Using Figure 8.5,if the equilibrium price level is P<sub>1</sub>,then aggregate demand is A) AD<sub>2</sub>,and the equilibrium output level is Q<sub>2</sub>. B) AD<sub>2</sub>,and the equilibrium output level is Q<sub>1</sub>. C) AD<sub>1</sub>,and the equilibrium output level is Q<sub>3</sub>. D) AD<sub>1</sub>,and the equilibrium output level is Q<sub>2</sub>. Using Figure 8.5,if the equilibrium price level is P1,then aggregate demand is

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