Use the following to answer questions :
Figure: Output Gap 
-(Figure: Output Gap) Look at the figure Output Gap. If the economy is producing at Y2, then it has a(n) _____ gap, as _____ real GDP exceeds _____ real GDP, and the Federal Reserve should use _____ monetary policy.
Definitions:
Franz Gall
A physician and neuroanatomist known for developing the theory of phrenology, which suggested that the bumps on the skull represent mental faculties and character traits.
Phrenology
A now-discredited theory that suggested the shape and size of the cranium could be used to infer character traits and mental abilities.
Daniel Kish
An expert in human echolocation and mobility for blind individuals, known for teaching ways to navigate using sound.
Cell Body
The part of a neuron that contains the nucleus; the cell’s life-support center.
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