Table 16-1 -Refer to Table 16-1.Consider the Hypothetical Information in the Table

question 37

Multiple Choice

Table 16-1

-Refer to Table 16-1.Consider the hypothetical information in the table above for potential real GDP,real GDP,and the price level in 2016 and in 2017 if Congress and the president do not use fiscal policy.If Congress and the president want to keep real GDP at its potential level in 2017,they should

• A)decrease income taxes.
• B)decrease government purchases.
• C)decrease the money supply.
• D)increase the level of interest rates.

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Definitions:

Chronic Toxicity

The adverse health effects resulting from long-term exposure to a toxic substance or agent.

Synthetic Mimics

Artificial substances or materials that replicate or imitate the functions and properties of natural substances.

Endocrine System

A network of glands in the body that produce and release hormones directly into the blood, controlling various bodily functions.

Circulatory System

The body system responsible for the transport of blood, nutrients, oxygen, carbon dioxide, and hormones throughout the body, comprising the heart and blood vessels.