Table 18-3 -Refer to Table 18-3

question 50

Multiple Choice

Table 18-3
$\begin{array}{|c|c|c|c|}\hline \text { Year } & \text { Potential Real GDP } & \text { Real GDP } & \text { Price Level } \\\hline 2018 & \$ 18.0 \text { trillion } & \$ 18.0 \text { trillion } & 150 \\\hline 2019 & 18.5 \text { trillion } & 18.2 \text { trillion } & 152 \\\hline\end{array}$
-Refer to Table 18-3.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

Comprehend the variety of sources from which ethical norms derive, including philosophical, religious, and cultural traditions.

Understand the relationship between individual actions, societal norms, and ethical principles.

Understand the principles and values encompassed in the Girl Scout Law.

Comprehend the impact of authority on individuals' actions through Stanley Milgram's experiments.

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Definitions:

Followers First

A leadership philosophy that prioritizes the needs, development, and well-being of followers over other considerations, focusing on serving and empowering those led.

Indirectly Impacts

Refers to effects or consequences of actions that occur through an intermediate factor or mechanism, rather than being a direct result.

Directly Impacts

Has an immediate and clear effect on something or someone.

Society

A structured community of people bound together by similar traditions, institutions, or nationality.