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The tables below show the aggregate demand and two aggregate supplies for the economy of Zandu, Aggregate Quantity Aggregate Quantity Price Index Demanded Price Index
The tables below show the aggregate demand and two aggregate supplies for the economy of Zandu, Aggregate Quantity Aggregate Quantity Price Index Demanded Price Index Su lied i 636 75 76 5 77 Aggregate Quantity Price Index Sun-lied 2 _E- '_ 78 79 88 456 81 426 82 s_ az_ a, Ofthe two aggregate supply schedules, (1} or [2), the neoclassical aggregate supply is schedule (Click to select) v , Ofthe two aggregate supply schedules\") or (2), the Keynesian aggregate supply is schedule (Click to select] v b, According to the neoclassical school, the equilibrium level of price would be and equilibrium real GDP would be 58 c. According to the Keynesian school, the equilibrium level of price would be and equilibrium real GDP would be 99 Assume that aggregate demand increased by $90, d. According to the neoclassical school, the new equilibrium value of price is and equilibrium real GDP is $ according to the neoclassical school. e. According to the Keynesian school, the new equilibrium value of price is and equilibrium real GDP is 3% according to the Keynesian school
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