Refer to the data in the table given below. Suppose that the present equilibrium price level and level of real GDP are 100 and $250, and that data set C represents the relevant aggregate supply schedule for the economy. (A) (B) (c) Price Level Real GDP | Price Level | Real GDP Price Level |Real GDP 110 225 110 275 100 200 100 225 100 250 100 225 95 225 95 225 100 250 90 225 90 200 100 275 a. What must be the current amount of real output demanded at the 100 price level? Real output demanded = $ b. If the amount of output demanded declines by $25 at the 100 price level shown in C, what will be the new equilibrium real GDP? The new equilibrium level of real GDP = $ In business cycle terminology, what would economists call this change in real GDP? ( (Click to select) %