The Table Below Shows the Aggregate Demand and Aggregate Supply

question 95

Multiple Choice

The table below shows the aggregate demand and aggregate supply schedules for a hypothetical economy. Refer to the table above. At the price level of 150, there will be a general:

• A) Surplus in the economy, and output supplied will decrease as the price level falls
• B) Shortage in the economy, and output demanded will decrease as the price level rises
• C) Surplus in the economy, and output supplied will increase as the price level rises
• D) Shortage in the economy, and output demanded will increase as the price level falls

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Definitions:

Financial Data

Financial data consists of records, figures, and quantitative information related to the financial status, operations, and performance of an entity.

Dividends

Payments made by a corporation to its shareholder members; it is the portion of corporate profits paid out to stockholders.

Average Collection Period

The average time it takes for a business to receive payments owed by its customers, indicating the effectiveness of its credit and collection policies.

Balance Sheet

A statement that presents an organization's assets, liabilities, and the equity of its shareholders at a distinct point in time.