Table 16-3 -Refer to Table 16-3.Consider the Hypothetical Information in the Table

question 164

Multiple Choice

Table 16-3

-Refer to Table 16-3.Consider the hypothetical information in the table above for potential real GDP,real GDP and the price level in 2013 and in 2014 if the Congress and the president do not use fiscal policy.If the Congress and the president use fiscal policy successfully to keep real GDP at its potential level in 2014,which of the following will be higher than if the 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:

Insufficient Number

A quantity not enough in magnitude, quantity, or extent to meet a certain requirement or purpose.

Community Treatment Resources

Local services or programs available to help individuals with health, social, or psychological challenges.

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A severe mental disorder involving a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and inappropriate actions.

State Hospital

A government-run medical facility specializing in the treatment and care of individuals with mental health disorders.