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Iz Instructions Exam focuses on Fiscal Policy, Monetary Policy, Money & Banking Question 60 3 pts Table 16-2 Year 2018 2019 Potential Real GDP $18.0

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Iz Instructions Exam focuses on Fiscal Policy, Monetary Policy, Money & Banking Question 60 3 pts Table 16-2 Year 2018 2019 Potential Real GDP $18.0 trillion 18.5 trillion Real GDP $18.0 trillion 18.8 trillion Price Level 150 154 Refer to Table 16-2. Consider the hypothetical information in the table above for potential real GDP real GDP, and the price level in 2018 and in 2019 if Congress and the president do not use fiscal policy. If Congress and the president want to keep real GDP at its potential level in 2019, they should decrease the discount rate buy Treasury Securities conduct expansionary fiscal policy. decrease government purchases. Next

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