Question: 1 2 Multiple Choice 1 point Table 1 6 - 3 table [ [ Year , Potential Real GDP , Real GDP , Price
Multiple Choice
point
Table
tableYearPotential Real GDPReal GDPPrice Level$ trillion,$ trillion, trillion, trillion,
Refer to Table Consider the hypothetical information in the table above for potential real GDP real GDP and the price level in and in if Congress and the president do not use fiscal policy. If Congress and the president use fiscal policy successfully to keep real GDP at its potential level in which of the following will be higher than if Congress and the president had taken no action?
real GDP and the unemployment rate
real GDP and the inflation rate
potential GDP and the inflation rate
real GDP and potential GDP
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