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Author Question: Suppose the price level is unchanged and real GDP decreases. Then A) nominal GDP must decrease. ... (Read 37 times)

Kikoku

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on: Jun 29, 2018
Suppose the price level is unchanged and real GDP decreases. 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 decreases 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.


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kswal303

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

A

Answer to Question 2

A


Kikoku

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Reply #2 on: Jun 29, 2018
Correct answers!


kswal303

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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