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Refer to the Above Diagram

Question 11

Multiple Choice

Refer to the above diagram.If equilibrium real output is Q<sub>2</sub>, then: A) aggregate demand is AD<sub>1</sub>. B) the equilibrium price level is P<sub>1</sub>. C) producers will supply output level Q<sub>1</sub>. D) the equilibrium price level is P<sub>2</sub>. Refer to the above diagram.If equilibrium real output is Q2, then:


A) aggregate demand is AD1.
B) the equilibrium price level is P1.
C) producers will supply output level Q1.
D) the equilibrium price level is P2.

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