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Author Question: Inflation that causes an increase in the prices of goods and services will, other things being ... (Read 65 times)

asan beg

  • Hero Member
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  • Posts: 570
on: Jun 30, 2018
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


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dyrone

  • Sr. Member
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  • Posts: 322
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

False


asan beg

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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