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Author Question: In the economic way of thinking, a rise in the real output of final goods and services can be ... (Read 106 times)

roselinechinyere27m

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  • Posts: 557
on: Jun 29, 2018
In the economic way of thinking, a rise in the real output of final goods and services can be associated with
 
  A) a fall in the price level.
  B) a rise in nominal GDP.
  C) a rise in the price level.
  D) a fall in nominal GDP.
  E) any of the above.

Question 2

What can economists conclude if they observe an increase in real GDP?
 
  A) The price level must have fallen.
  B) The real output of final goods and services must have risen.
  C) National welfare must have risen.
  D) Nominal GDP must have risen.
  E) All of the above.


JYan

  • Sr. Member
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  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

B


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