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The Table Gives the Aggregate Demand and Aggregate Supply Schedules

Question 41

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. 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.

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