Use this aggregate demand?aggregate supply schedule for a hypothetical economy to answer the following questions. (a) What
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Use this aggregate demand?aggregate supply schedule for a hypothetical economy to answer the following questions.
(a) What will be the equilibrium price level and quantity of real domestic output?
(b) If the quantity of real domestic output demanded increased by $2000 at each price level, what will be the new equilibrium price level and quantity of real domestic output?
(c) Using the original data from the table, if the quantity of real domestic output demanded increased by $5000 and the quantity of real domestic output supplied increased by $1000 at each price level, what would the new equilibrium price level and quantity of real domestic output be?
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