Table 5.1
-Refer to Table 5.1, which shows an aggregate demand schedule and an aggregate supply schedule. Which of the following is true?
A) Equilibrium output is $1,000, and equilibrium price level is 25.
B) Equilibrium output is $800, and equilibrium price level is 50.
C) Equilibrium output is $200, and equilibrium price level is 125.
D) Equilibrium output is $400, and equilibrium price level is 100.
E) Equilibrium output is $600, and equilibrium price level is 75.
Correct Answer:
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