Question
The following table shows the levels of real GDP that would be demanded in an economy at various price levels. Output at Different Price Levels
The following table shows the levels of real GDP that would be demanded in an economy at various price levels.
Output at Different Price Levels
Price Level Aggregate Quantity of Real GDP Demanded (dollars) 120 $1,000 110 2,000 100 3,000 90 4,000 80 5,000 70 6,000
a. Graph the aggregate demand curve.
Instructions: Use the tool provided "AD" to plot the aggregate demand curve point by point (6 points total).
b. What is the quantity of real GDP demanded if the price level is 110?
multiple choice 1. $3,000 2. $2,000 3. $4,000 4. $1,000
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