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Year Potential GDP Real GDP Price Level 2019 $16.4 trillion $16.4 trillion 112 2020 $17.7 trillion $17.0 trillion 114 The information in the table above

Year Potential GDP Real GDP Price Level 2019 $16.4 trillion $16.4 trillion 112 2020 $17.7 trillion $17.0 trillion 114 The information in the table above depicts the state of Econ Land's economy if its central Bank, the Fed, does not use any monetary policy. If the Fed is attempting to target 2020 real GDP at the level of potential GDP, will it need to use expansionary or contractionary policies? Should the trading desk buy or sell treasury bills

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