Multiple Choice
The table gives the aggregate demand and aggregate supply schedules for a nation.
-The table above gives data for the nation of Pearl, a small island in the South Pacific. If a supply shock decreases the quantity of real GDP supplied by $6 billion at each price level, the new equilibrium real GDP is
A) $22 billion.
B) $17 billion.
C) $16 billion.
D) $23 billion.
E) $19 billion.
Correct Answer:

Verified
Correct Answer:
Verified
Q36: According to the AS-AD model,<br>A) the AS
Q37: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8401/.jpg" alt=" -The aggregate demand
Q38: A rise in the price level<br>A) decreases
Q39: A technological advance _ aggregate supply, shifting
Q40: If investment spending increases by $1 million,
Q42: Which of the following shifts the aggregate
Q43: The aggregate demand curve shifts when any
Q44: When cost-push inflation starts, real GDP _
Q45: If the economy is at macroeconomic equilibrium,
Q46: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8401/.jpg" alt=" -In the figure