Question 31 [1 point] How would you characterize the size of the 0.5. economy. as measured by GDP. after the onset of GDVID in February and March 2020? 0 After shrinking in the first and second quarters of 2020. 0.5. GDP gradually continued to fall. 0 After shrinking in the first and second quarters of 2020. 0.5. GDP rebounded quickly. 0 After shrinking in the first and second quarters of 2020. 0.5. GDP began falling more rapidly. O After shrinking in the first and second quarters of 2020. U.5. GDP neyer rebounded. 0 After shrinking in the first and second quarters of 2020. U5. GIIIFl rebounded slowly. Question 3211 point] Characterize the Fed's target federai funds rate during 2021. Q The Feds target federal funds rate was a range from 0.0 percent to 0.50 percent. 0 The Fed's target federal funds rate was a range from 0.0 percent to 0.25 percent. 0 The Fed's target federal funds rate was 2.0 percent. O The Fed's target federal funds rate was a range from 0.25 percent to 0.50 percent. O The Fed's target federal funds rate was 1.0 percent. Question 13 (1 point) Suppose potential GDP for an economy changes from $19.6 trillion to $21.1 trillion. What is the rate of growth in potential GDP? Provide your answer as a percent rounded to two decimal places. Do not include any symbols, such as "$," "=," %," or ","in your answer. Your