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Table 15-2
-Refer to Table 15-2.Consider the hypothetical information in the table above for potential real GDP,real GDP,and the price level in 2018 and in 2019 if the Federal Reserve does not use monetary policy.If the Fed uses monetary policy successfully to keep real GDP at its potential level in 2019,which of the following will be higher than if the Fed had taken no action?
Glucagon
A hormone produced by the pancreas that raises blood glucose levels, acting as an important counter-regulatory hormone to insulin.
Insulin
A substance created by the pancreas that controls the levels of sugar in the blood, helping glucose to be absorbed by various tissues.
Prostaglandins
Local hormones derived from lipid molecules. Prostaglandins typically do not travel in the bloodstream to find their target cells because their targets are close by. These hormones have numerous effects, including uterine stimulation during childbirth.
Local Hormones
Hormones that act locally without first entering the bloodstream, often involved in local regulatory processes such as inflammation.
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