ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question

In 2006, the economy of Singsville had an aggregate demand and aggregate supply according to the following schedule:
Price level           Aggregate Demand     Short-Run Aggregate Supply
100                             $1445                                  $1085
110                             $1380                                  $1140
120                             $1315                                  $1195
130                             $1250                                  $1250
140                             $1185                                  $1305
150                             $1120                                  $1360
160                             $1055                                  $1415


What was the equilibrium price level in Singsville in 2006?

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