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The Following Are Aggregate Demand and Supply Schedules for a Hypothetical

Question 49

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The following are aggregate demand and supply schedules for a hypothetical economy.All figures are in $ billions.
The following are aggregate demand and supply schedules for a hypothetical economy.All figures are in $ billions. Note: Potential GDP is 3,000. -Refer to the information above to answer this question.Assume that reduced investment spending lowers aggregate demand by 600.What would the new equilibrium price level and Real GDP be? A) 170 and 2,400. B) 130 and 2,400. C) 130 and 3,000. D) 150 and 2,600. Note: Potential GDP is 3,000.
-Refer to the information above to answer this question.Assume that reduced investment spending lowers aggregate demand by 600.What would the new equilibrium price level and Real GDP be?


A) 170 and 2,400.
B) 130 and 2,400.
C) 130 and 3,000.
D) 150 and 2,600.

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