Refer to the data in the table below. Suppose that the present equilibrium price level and level of real GDP are 100 and $280, and that data set A represents the relevant aggregate supply schedule for the economy.

(A)		(B)		(C)
Price Level	Real GDP	Price Level	Real GDP	Price Level	Real GDP
100	205	110	230	110	280
100	230	100	230	100	255
100	255	95	230	95	230
100	280	90	230	90	205

Instructions: Enter your answers as a 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 declines by $25 at the 100 price levels shown in A, what would be the new equilibrium real GDP?

$

In business cycle terminology, economists would likely call this change in real GDP (Click to select) an expansion a recession .