Table 15-7 -Refer to Table 15-7.Suppose the Table Above Illustrates the Values

question 186

Essay

Table 15-7

-Refer to Table 15-7.Suppose the table above illustrates the values of real and potential GDP and the price level if the Fed did not vote to change their current policy to be more contractionary or expansionary.Suppose that the Fed used an appropriate policy and was successful in keeping real GDP at potential in 2019.Draw an aggregate demand and supply curve to illustrate your answer.

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