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.

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