The Following Table Shows the Aggregate Demand and Aggregate Supply

question 103

Multiple Choice

The following table shows the aggregate demand and aggregate supply schedule for a hypothetical economy.

-Refer to the above table.If the quantity of real domestic output demanded decreased by $500 and the quantity of real domestic output supplied increased by $500 at each price level,the new equilibrium price level and quantity of real domestic output would be:

• A) 150 and $1500.
• B) 150 and $2000.
• C) 200 and $2000.
• D) 250 and $2000.

---

Definitions:

Connotative Words

Words that carry beyond their literal meaning, evoking emotions, attitudes, or additional meanings.

Paragraph

A distinct section of a piece of writing, usually dealing with a single theme and indicated by a new line, indentation, or numbering.

General Topic

A broad subject area that serves as the foundation for more specific discussions or studies.

Paradigm

A typical example or pattern of something; a model or framework that shapes understanding or approach.