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Author Question: Inflation that causes an increase in the prices of goods and services will, other things being ... (Read 64 times)

asan beg

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  • Posts: 570
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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  • Posts: 570
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bblaney

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  • Posts: 323
Reply 3 on: Yesterday
Wow, this really help

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