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Table 54: the Following Aggregate Demand and Supply Schedules Are for for a Hypothetical

Question 10

Multiple Choice

Table 5.4: The following aggregate demand and supply schedules are for a hypothetical economy:
Table 5.4: The following aggregate demand and supply schedules are for a hypothetical economy: -Refer to Figure 5.3. If the equilibrium price level is P<sub>1</sub>, then: A) aggregate demand is AD<sub>2</sub>. B) the equilibrium output level is Y<sub>3</sub>. C) the equilibrium output level is Y<sub>2</sub>. D) producers will supply output level Y<sub>1</sub>.
-Refer to Figure 5.3. If the equilibrium price level is P1, then:


A) aggregate demand is AD2.
B) the equilibrium output level is Y3.
C) the equilibrium output level is Y2.
D) producers will supply output level Y1.

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