No Inbox - boyu18 x BU Registration - X Course Home X Take a Test - B X C The Hypotheticourse Hero > x G Is it possible fc X 111 CS 111: Final P X G inflation calcul x + F - C mathxl.com/Student/PlayerTest.aspx?testld=230781928¢erwin=yes MA No Gmail YouTube Courses BU Student Link Menu P Piazza CodingBat Python Mylab Pearson Norton all Gradescope Python Tutor 111 CS 111: Home BU EC 102 AA/BB Introductory Macro Analysis FA 21 Boyu Zhu & | 12/07/21 10:39 PM Quiz: Problem Set 9 Question 8 of 18 This quiz: 18 point(s) possible This question: 1 point(s) possible Submit quiz The hypothetical information in the following table shows what the situation will be in 2023 if the federal government does not use fiscal policy: Year Potential GDP Real GDP Price Level 2022 $20.1 trillion $20.1 trillion 120.3 2023 $20.4 trillion $20.1 trillion 122.7 If Congress and the president want to keep real GDP at its potential level in 2023, they should use an expansionary fiscal policy which would mean increasing government spending or cutting taxes If Congress and the president are successful in keeping real GDP at its potential level in 2023, state whether each of the following will be higher, lower, or the same as it would have been if they had taken no action: Real GDP will be higher Potential real GDP will be the same The inflation rate will be The unemployment rate will be Next