Given the Following Aggregate Demand and Aggregate Supply Schedules,determine the Equilibrium

question 53

Multiple Choice

Given the following aggregate demand and aggregate supply schedules,determine the equilibrium level of prices and output. Aggregate Demand
Aggregate Supply
(quantity demanded
(quantity supplied
In billions of dollars)
Price Level
In billions of dollars)
$ 100
150
$1,200
200
125
1,000
400
100
800
600
75
600
800
50
400
1,000
25
200

• A)equilibrium output $1,000 and equilibrium price level 25
• B)equilibrium output $800 and equilibrium price level 50
• C)equilibrium output $200 and equilibrium price level 125
• D)equilibrium output $400 and equilibrium price level 25
• E)equilibrium output $600 and equilibrium price level 75

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