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Author Question: Suppose the price level increases and real GDP remains the same. Then A) nominal GDP must ... (Read 124 times)

kfurse

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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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Answer to Question 1

C

Answer to Question 2

C




kfurse

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Reply 2 on: Jun 29, 2018
Wow, this really help


TheDev123

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

 

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