Year Potential Real GDP Real GDP Price Level 2012 $14.2 trillion $14.2 trillion 154 $14.6 trillion 156 $14.8 trillion 2013 2.6 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 2013. Draw an aggregate demand and supply curve to illustrate your answer. 96 4 Reok Air

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