The following table shows an aggregate demand schedule and an aggregate supply schedule.Which of the following is true?
Table 5.1
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 25.
E) Equilibrium output is $600,and equilibrium price level is 75.
Correct Answer:
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