P4 i AS, P3 AS2 Price Level P2 AD2 Pi AD I 400 100 200 300 Real Output (billions of dollars per year) Figure 8.3 Aggregate Supply and Demand Macro equilibrium is established at which level of real output, given AD, and AS, in Figure 8.3? Price Level P2 AD2 Pi 1 1 AD 100 200 300 400 Real Output (billions of dollars per year) Figure 8.3 Aggregate Supply and Demand Macro equilibrium is established at which level of real output, given AD, and AS in Figure 8.3? $100 billion. $200 billion $300 billion. $400 billion