The Following Aggregate Demand and Supply Schedules Are for a Hypothetical

question 93

Multiple Choice

The following aggregate demand and supply schedules are for a hypothetical economy:

-Refer to the above data.If the price level is 150 and producers supply $300 of real output:

• A) a shortage of real output of $200 will occur.
• B) a shortage of real output of $100 will occur.
• C) a surplus of real output of $300 will occur.
• D) neither a shortage nor a surplus of real output will occur.

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