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Author Question: Suppose the price level increases and real GDP remains the same. Then A) nominal GDP must ... (Read 77 times)

kfurse

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on: Jun 29, 2018
Suppose the price level increases and real GDP remains the same. Then
 
  A) nominal GDP must decrease.
  B) nominal GDP must remain unchanged.
  C) nominal GDP must increase.
  D) none of the above are true.

Question 2

Suppose the price level is unchanged and real GDP rises. Then
 
  A) nominal GDP must decrease.
  B) nominal GDP must remain unchanged.
  C) nominal GDP must increase.
  D) none of the above are true.


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anoriega3

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


kfurse

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  • Posts: 590
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

sultana.d

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  • Posts: 320
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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