No Inbox - boyu18 x BU Registration - X Course Home X C Why Does A $ X Take a Test - E X Homework He X C "Real GDP Is C X 171 CS 111: Final P X Course Hero X + F - C mathxl.com/Student/PlayerTest.aspx?testld=230781928¢erwin=yes : / No Gmail YouTube Courses BU Student Link Menu P Piazza CodingBat Python Mylab Pearson Norton l Gradescope Python Tutor 111 CS 111: Home BU EC 102 AA/BB Introductory Macro Analysis FA 21 Boyu Zhu & 12/08/21 12:21 AM Quiz: Problem Set 9 Question 11 of 18 This quiz: 18 point(s) possible This question: 1 point(s) possible Submit quiz Consider the following statement: Real GDP is currently $20.7 trillion, and potential real GDP is $20.4 trillion. If Congress and the president would decrease government purchases by $300 billion or increase taxes by $300 billion, the economy could be brought to equilibrium at potential GDP." If government purchases were to decrease by $300 billion or if taxes were increased by $300 billion, the equilibrium level of real GDP would decrease by A. less than $300 billion. O B. more than $300 billion. O C. exactly $300 billion. O D. None of the above; equilibrium real GDP would actually increase. Therefore, the statement above is Next