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Refer to the data in the table below. Suppose that the present equilibrium price level and level of real GDP are 100 and $215 and

Refer to the data in the table below. Suppose that the present equilibrium price level and level of real GDP are 100 and $215 and that data set A represents the relevant aggregate supply schedule for the economy.

ABC
Price LevelReal GDPPrice LevelReal GDPPrice LevelReal GDP
100215110240110290
100240100240100265
1002659524095240
1002909024090215

Instructions: Enter answers as the whole number.

A. What must be the current amount of real output demanded at the 100 price level?

$_____

B. If the amount of output demanded increased by $75 at the 100 price levels shown in A, what would be the new equilibrium real GDP? $ _____

In business cycle terminology, what would econpmists call this change in read GDP?

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