Table 27-3 -Refer to Table 27-3. Consider the Hypothetical Information in the Hypothetical

question 14

Multiple Choice

Table 27-3

-Refer to Table 27-3. 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 use fiscal policy successfully to keep real GDP at its potential level in 2019, which of the following will be higher than if Congress and the president had taken no action?

• A) real GDP and the unemployment rate
• B) real GDP and the inflation rate
• C) real GDP and potential GDP
• D) potential GDP and the inflation rate

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Definitions:

Genetic Information

The set of instructions found within an organism's DNA that guides growth, development, functioning, and reproduction.

Fecundity

The ability to produce an abundance of offspring or new growth; fertility.

Viability

The capability of living, growing, or developing, often used in reference to cells, organisms, or businesses.

Mating Success

The effectiveness or efficiency with which an organism or species is able to reproduce and pass on its genes.