Suppose that price level has risen in the past year, but production of goods and services has remained constant. Nominal GDP has , and real GDP has .
A) increased; not changed

B )increased; increased

C )decreased; increased

D) decreased; decreased

Question

08-03-2021
Business

Answered

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Suppose that price level has risen in the past year, but production of goods and services has remained constant. Nominal GDP has , and real GDP has .
A) increased; not changed

B )increased; increased

C )decreased; increased

D) decreased; decreased

Sagot :

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