Author Question: Inflation that causes an increase in the prices of goods and services will, other things being ... (Read 67 times)

asan beg · **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