Business, 01.07.2021 15:20 felicityhanson1252
Real-Time Data Analysis? Real-time data provided by Federal Reserve Economic Data? (FRED), Federal Reserve Bank of Saint Louis. In the fourth quarter of 2017?, ?(the most recent? quarter), real GDP was ?$17.3 ?trillion, the price level was 114.3?, and potential GDP was ?$17.2 trillion.1. Draw a point that shows real GDP and the price level in the fourth quarter of 2017 and label it A.2. Draw an aggregate supply curve for the fourth quarter of 2017and label it AS.3. Draw a potential GDP line for the fourth quarter of 2017 and label it PGDP.4. What would the price level and real GDP be if the economy was at full employment and the aggregate supply curve is the one that? you've drawn?Answer by drawing a point and label it B.
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