This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the price level is unchanged and real GDP decreases. Then A) nominal GDP must decrease. ... (Read 43 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
Suppose the price level is unchanged and real GDP decreases. 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 decreases 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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kswal303

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Kikoku

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jun 29, 2018
Correct answers!


kswal303

  • Sr. Member
  • ****
  • Posts: 316
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

The proportion of obese and extremely obese adults in the United States has increased over the past The proportion of obese and extremely obese adults in the United States has increased over the past
Alan Price - Poor People Alan Price - Poor People
(Left panel) The transition level (TL) for moving out of the parental home for 240 young men and ... (Left panel) The transition level (TL) for moving out of the parental home for 240 young men and ...
Ice Age Sea Level Ice Age Sea Level
World Mean Sea-Level Temperatures in January World Mean Sea-Level Temperatures in January
Decrease in mean haplotype heterozygosity Decrease in mean haplotype heterozygosity
Video: Rh blood type and complications during pregnancy & Fertilization

For a complete list of videos, visit our video library