Question: The table below shows an aggregate demand and aggregate supply schedule for Aptonville in 2013. Price level Aggregate Demand Short-Run Aggregate Supply 100 $1455.00

The table below shows an aggregate demand and aggregate supply schedule for Aptonville in 2013. Price level Aggregate Demand Short-Run Aggregate Supply 100 $1455.00 $1245.00 110 $1420.00 $1280.00 120 $1385.00 $1315.00 130 $1350.00 $1350.00 140 $1315.00 $1385.00 150 $1280.00 $1420.00 160 $1245.00 $1455.00 What was short-run equilibrium output in Aptonville? Suppose that because of sticky prices. Aptonville's price level became "stuck" at the price level of 140. Calculate the excess supply at that price level: $ 7.

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