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Author Question: Inflation that causes an increase in the prices of goods and services will, other things being ... (Read 74 times)

asan beg

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on: Jun 30, 2018
Inflation that causes an increase in the prices of goods and services will, other things being equal, tend to decrease nominal GDP.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the average price level falls, the real value of wealth also falls.
 a. True
  b. False
  Indicate whether the statement is true or false


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dyrone

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

False


asan beg

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

amandalm

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  • Posts: 306
Reply 3 on: Yesterday
Gracias!

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