Given the following aggregate demand and aggregate supply schedules,determine the equilibrium level of prices and output.
A) equilibrium output $1,000 and equilibrium price level 25
B) equilibrium output $800 and equilibrium price level 50
C) equilibrium output $200 and equilibrium price level 125
D) equilibrium output $400 and equilibrium price level 25
E) equilibrium output $600 and equilibrium price level 75

Question

Given the following aggregate demand and aggregate supply schedules,determine the equilibrium level of prices and output. 
A) equilibrium output $1,000 and equilibrium price level 25 
B) equilibrium output $800 and equilibrium price level 50 
C) equilibrium output $200 and equilibrium price level 125 
D) equilibrium output $400 and equilibrium price level 25 
E) equilibrium output $600 and equilibrium price level 75

Quizplus · Accepted Answer

The Answer of Given the following aggregate demand and aggregate supply schedules,determine the equilibrium level of prices and output. 
A) equilibrium output $1,000 and equilibrium price level 25 
B) equilibrium output $800 and equilibrium price level 50 
C) equilibrium output $200 and equilibrium price level 125 
D) equilibrium output $400 and equilibrium price level 25 
E) equilibrium output $600 and equilibrium price level 75

Given the Following Aggregate Demand and Aggregate Supply Schedules,determine the Equilibrium