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The Accompanying Table Shows the Aggregate Demand and Aggregate Supply

Question 170

Multiple Choice

 Real Domestic Output  Demanded (in Billions)   Price Level (Index Value)   Real Domestic Output  Supplied (in Billions)  $3,000350$9,0004,0003008,0005,0002507,0006,0002006,0007,0001505,0008,0001004,000\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Real Domestic Output } \\\text { Demanded (in Billions) }\end{array} & \text { Price Level (Index Value) } & \begin{array} { c } \text { Real Domestic Output } \\\text { Supplied (in Billions) }\end{array} \\\hline \$ 3,000 & 350 & \$ 9,000 \\\hline 4,000 & 300 & 8,000 \\\hline 5,000 & 250 & 7,000 \\\hline 6,000 & 200 & 6,000 \\\hline 7,000 & 150 & 5,000 \\\hline 8,000 & 100 & 4,000 \\\hline\end{array} The accompanying table shows the aggregate demand and aggregate supply schedules for a hypothetical economy. The equilibrium price and output levels will be


A) 200 and $5,000.
B) 200 and $6,000.
C) 250 and $7,000.
D) 300 and $8,000.

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