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Author Question: Suppose the price level increases and real GDP remains the same. Then A) nominal GDP must ... (Read 114 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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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bimper21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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