Elucidate do these data represent aggregate demand

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Q. Suppose that buyer assume that there is a 30% chance of getting a plum, and 8 out of 10 cars in the used car market are lemons. Is this equilibrium?

Q. Suppose that at price index of 154, the quantity demanded of Real GDP is 9,000 billion worth of goods and services. Do these data represent aggregate demand or a point on aggregate demand curve? Explain your answer and illustrate graphically.

Reference no: EM1349124

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