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Author Question: A decrease in nominal gross domestic product necessarily entails a decrease in A) both real ... (Read 118 times)

lak

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  • Posts: 546
on: Jun 29, 2018
A decrease in nominal gross domestic product necessarily entails a decrease in
 
  A) both real output and the price level.
  B) either real output or the price level (or both).
  C) real output and employment.
  D) the price level and employment.

Question 2

An increase in nominal gross domestic product necessarily entails an increase in
 
  A) both real output and the price level.
  B) either real output or the price level (or both).
  C) real output and employment.
  D) the price level and employment.


mcarey591

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

B

Answer to Question 2

B


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