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Using Figure 8

Question 91

Multiple Choice

Using Figure 8.5,if the equilibrium price level is P<sub>1</sub>,then aggregate demand is A) AD<sub>2</sub>,and the equilibrium output level is Q<sub>2</sub>. B) AD<sub>2</sub>,and the equilibrium output level is Q<sub>1</sub>. C) AD<sub>1</sub>,and the equilibrium output level is Q<sub>3</sub>. D) AD<sub>1</sub>,and the equilibrium output level is Q<sub>2</sub>. Using Figure 8.5,if the equilibrium price level is P1,then aggregate demand is


A) AD2,and the equilibrium output level is Q2.
B) AD2,and the equilibrium output level is Q1.
C) AD1,and the equilibrium output level is Q3.
D) AD1,and the equilibrium output level is Q2.

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