Question: Table 1 5 - 2 table [ [ Year , Potential Real GDP , Real GDP , Price Level ] , [ 2 0
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 the Federal Reserve does not use monetary policy. If the Fed uses monetary policy successfully to keep real GDP at its potential level in which of the following will be higher than if the Fed had taken no action?
real GDP and the inflation rate
real GDP and the unemployment rate
potential GDP and the inflation rate
real GDP and potential GDP
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