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Author Question: Real GDP, as opposed to money (nominal) GDP, has been adjusted for changes in the general level of ... (Read 55 times)

P68T

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  • Posts: 509
on: Jun 30, 2018
Real GDP, as opposed to money (nominal) GDP, has been adjusted for changes in the general level of prices.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In the upward-sloping segment of the aggregate supply curve,
 a. when GDP increases, the price level rises.
  b. when GDP increases, the price level does not change.
  c. when GDP decreases, the price level rises.
  d. when GDP increases, the price level falls.
  e. there is no relationship between changes in GDP and changes in the price level.


frre432

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  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

a


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