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Table 26-2 -Refer to Table 26-2

question 28

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Table 26-2
 Year  Potential Real GDP  Real GDP  Price Level 2016$18.0 trillion $18.0 trillion 150201718.5 trillion 18.2 trillion 152\begin{array} { | l | l | l | c | } \hline \text { Year } & \text { Potential Real GDP } & \text { Real GDP } & \text { Price Level } \\\hline 2016 & \$ 18.0 \text { trillion } & \$ 18.0 \text { trillion } & 150 \\\hline 2017 & 18.5 \text { trillion } & 18.2 \text { trillion } & 152 \\\hline\end{array}
-Refer to Table 26-2.Consider the hypothetical information in the table above for potential real GDP,real GDP,and the price level in 2016 and in 2017 if the Federal Reserve does not use monetary policy.If the Fed wants to keep real GDP at its potential level in 2017,it should

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Definitions:

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