Price Level Aggregate Demand Aggregate Supply 200 10,000 4,000 300 9,000 6,000 400 8,000 8,000 500 7,000 9,000 600 6,000 9,500 700 5,000 9,800 800 4,000 9,900 The table above shows the initial aggregate supply and demand data for a country. If input prices rise and AS shifts to the left by 2,000 units at each price level, what is the new equilibrium output level?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Price Level
Aggregate Demand
Aggregate Supply
200
10,000
4,000
300
9,000
6,000
400
8,000
8,000
500
7,000
9,000
600
6,000
9,500
700
5,000
9,800
800
4,000
9,900
The table above shows the initial aggregate supply and demand data for a
country. If input prices rise and AS shifts to the left by 2,000 units at each
price level, what is the new equilibrium output level?
8,000
O 2,000
7,000
O 6,000
Transcribed Image Text:Price Level Aggregate Demand Aggregate Supply 200 10,000 4,000 300 9,000 6,000 400 8,000 8,000 500 7,000 9,000 600 6,000 9,500 700 5,000 9,800 800 4,000 9,900 The table above shows the initial aggregate supply and demand data for a country. If input prices rise and AS shifts to the left by 2,000 units at each price level, what is the new equilibrium output level? 8,000 O 2,000 7,000 O 6,000
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