Consider the table below for the aggregate supply (AS), and aggregate demand (AD), for goods and services in the United States.
Quantitative Literacy Assignment
Aggregate Supply &Aggregate Demand ECO 2013
Price Level – P
(Y Axis)
Real GDP Demanded in billions (AD)
Real GDP Supplied
in billions (AS)
50 16,300 15,100
60 16,200 15,200
70 16,100 15,300
80 16,000 15,400
90 15,900 15,500
100 15,800 15,600
110 15 ...
Pending
Other
/
Other
26 Mar 2015