The following question are based on the following diagram:

-At equilibrium,the price level and the level of real national output are,respectively
A) 100 and $0.
B) 200 and $1,500 billion.
C) 300 and $2,500 billion.
D) 400 and $2,000 billion.
E) 500 and $3,000 billion.

Question

The following question are based on the following diagram:
 
-At equilibrium,the price level and the level of real national output are,respectively
A) 100 and $0. 
B) 200 and $1,500 billion. 
C) 300 and $2,500 billion. 
D) 400 and $2,000 billion. 
E) 500 and $3,000 billion.

Quizplus · Accepted Answer

At equilibrium, the intersection point of the AD and SRAS curves indicate the price level and level of real national output. The intersection point in the diagram is at a price level of 300 and a level of real national output of $2,500 billion, which corresponds to choice C.

The Following Question Are Based on the Following Diagram