Refer to the information provided in Figure 23.9 below to answer the question(s) that follow. Figure 23.9
-Refer to Figure 23.9. Equilibrium output equals
A) 100.
B) 150.
C) 200.
D) 300.

Question

Refer to the information provided in Figure 23.9 below to answer the question(s) that follow.  Figure 23.9
-Refer to Figure 23.9. Equilibrium output equals
A) 100. 
B) 150. 
C) 200. 
D) 300.

Quizplus · Accepted Answer

Equilibrium output is where aggregate demand equals aggregate supply. In this case, it occurs at a price level of 100 and an output level of 200. Therefore, the answer is choice C.

Refer to the Information Provided in Figure 23