Multiple Choice
The table gives aggregate demand and supply schedules for a hypothetical economy. If the price level is 250 and producers supply $450 of real output,
A) a shortage of real output of $150 will occur.
B) a shortage of real output of $100 will occur.
C) a surplus of real output of $150 will occur.
D) neither a shortage nor a surplus of real output will occur.
Correct Answer:

Verified
Correct Answer:
Verified
Q72: Other things equal, an improvement in productivity
Q73: <span class="ql-formula" data-value="\begin{array} { | c |
Q74: <span class="ql-formula" data-value="\begin{array} { | c |
Q75: <span class="ql-formula" data-value="\begin{array} { | c |
Q76: The aggregate supply curve<br>A) is explained by
Q78: The equilibrium price level and equilibrium level
Q79: <span class="ql-formula" data-value="\begin{array} { | c |
Q80: An increase in the aggregate expenditures schedule<br>A)
Q81: An increase in expected future income will<br>A)
Q82: Which of the following would not shift