The Following Are Aggregate Demand and Supply Schedules for a Hypothetical

question 37

Multiple Choice

The following are aggregate demand and supply schedules for a hypothetical economy.All figures are in $ billions.
Note: Potential GDP is 3,000.
-Refer to the information above to answer this question.What will equilibrium price level and GDP be?

• A)150 and 2,600
• B)150 and 3,000
• C)170 and 3,600
• D)170 and 3,000

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