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The hypothetical information provided in the table above characterizes the U.S. economy in 2022 and provides a prediction for the U.S. economy in 2023 in
The hypothetical information provided in the table above characterizes the U.S. economy in 2022 and provides a prediction for the U.S. economy in 2023 in the absence of fiscal or monetary policy. If the Federal Reserve wants to eliminate any output gap in 2023, it should _____. A. sell treasury securities B. lower the target for the Federal Funds Rate C. lower the capital gains tax rate D. pursue contractionary monetary policy
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