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The Table Gives Aggregate Demand and Supply Schedules for a
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Question 66

Multiple Choice

 Amount of Real Output  Demanded  Price Level (Index Value)   Amount of Real Output  Supplied $200300$500300250450400200400500150300600100200\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Amount of Real Output } \\\text { Demanded }\end{array} & \text { Price Level (Index Value) } & \begin{array} { c } \text { Amount of Real Output } \\\text { Supplied }\end{array} \\\hline \$ 200 & 300 & \$ 500 \\\hline 300 & 250 & 450 \\\hline 400 & 200 & 400 \\\hline 500 & 150 & 300 \\\hline 600 & 100 & 200 \\\hline\end{array} The table gives aggregate demand and supply schedules for a hypothetical economy. If the price level is 250 and producers supply $450 of real output,


A) a shortage of real output of $150 will occur.
B) a shortage of real output of $100 will occur.
C) a surplus of real output of $150 will occur.
D) neither a shortage nor a surplus of real output will occur.

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