Multiple Choice
The table gives aggregate demand and supply schedules for a hypothetical economy. If the amount of real output demanded at each price level falls by $200, the equilibrium price level and
Equilibrium level of real domestic output will fall to
A) 250 and $200, respectively.
B) 200 and $300, respectively.
C) 150 and $300, respectively.
D) 150 and $200, respectively.
Correct Answer:

Verified
Correct Answer:
Verified
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