The table above gives data for the nation of Pearl, a small island in the South Pacific. If aggregate demand increases so that the quantity of real GDP demanded is $6 billion more at each price level, the new equilibrium real GDP is

A) $34 billion.
B) $31 billion.
C) $28 billion.
D) $25 billion.
E) $23 billion.


C

Economics

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When interpreting the meaning of an exchange rate, the first step is to always:

a. know exactly what the exchange rate signifies in terms of which currency is the denominator. b. watch for ways the currency might lose value. c. learn about recent behavior of the exchange rate. d. know exactly what the rate is at any moment in time.

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A debt crisis may lead to a banking crisis

Indicate whether the statement is true or false

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Given the total cost function TC = 2,000 + 2Q, when output is 1,000 units average total cost is ________ and total fixed cost is ________.

A. $2; $2 B. $4; $2 C. $4,000; $2,000 D. $4; $2,000

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