Question

The intersection of the aggregate demand and aggregate supply curves determines the _____. rev: 06_12_2018 Multiple Choice productivity level in the economy shape of the aggregate demand curve per-unit cost of production in the economy equilibrium level of real domestic output and prices

Answer 1

Harmony level of genuine homegrown yield and costs

Answer 2

Answer:

equilibrium level of real domestic output and prices

Explanation:

As we know that the equilibrium point is the point where the quantity demanded and quantity supplied are equivalent to each other and the equilibrium price and real GDP would be at that point when there is an intersection of real GDO equivalent to the real GDP quantity of supplied curve

So the above represent the answer