Inflation that causes an increase in the prices of goods and ...

[asan beg]

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

[dyrone]

Answer to Question 1

False

Answer to Question 2

False

[asan beg]

Wow, this really help

[mohan]

Thanks for the timely response, appreciate it