Multiple Choice
It shows the aggregate demand and aggregate supply schedule for a hypothetical economy. Refer to the table above. If the quantity of real domestic output demanded decreased by $500 and the quantity of real domestic output supplied increased by $500 at each price level, the new equilibrium price level and quantity of real domestic output would be:
A) 150 and $1500
B) 150 and $2000
C) 200 and $2000
D) 250 and $2000
Correct Answer:

Verified
Correct Answer:
Verified
Q116: An increase in aggregate demand is most
Q117: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4895/.jpg" alt=" Refer to the
Q118: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4895/.jpg" alt=" Refer to the
Q119: The expenditure multiplier concept of the aggregate-expenditures
Q120: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4895/.jpg" alt=" Refer to the
Q122: The foreign purchases effect on aggregate demand
Q123: An increase in productivity will:<br>A) Increase aggregate
Q124: A fall in labor costs will cause
Q125: The short-run aggregate supply curve:<br>A) Becomes flatter
Q126: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4895/.jpg" alt=" Refer to the