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Author Question: Can nominal GDP decrease when the price level remains the same? A) No, it is not possible. B) ... (Read 94 times)

dollx

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on: Jun 29, 2018
Can nominal GDP decrease when the price level remains the same?
 
  A) No, it is not possible.
  B) Yes, but only if real GDP decreases.
  C) Yes, but only if real GDP increases.
  D) Yes, but only if real GDP remains the same as well.

Question 2

Can nominal GDP increase even when real GDP decreases?
 
  A) No, it is not possible.
  B) Yes, but only if the price level decreases.
  C) Yes, but only if the price level increases.
  D) Yes, but only if the price level remains unchanged.


rosiehomeworddo

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

B

Answer to Question 2

C


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