If all quantities produced rise by 5 percent and all prices fall by 5 percent, which of
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If all quantities produced rise by 5 percent and all prices fall by 5 percent, which of the following best describes what occurs?
a. Real GDP rises by 5 percent, while nominal GDP falls by 5 percent.
b. Real GDP rises by 5 percent, while nominal GDP is unchanged.
c. Real GDP is unchanged, while nominal GDP rises by 5 percent.
d. Real GDP is unchanged, while nominal GDP falls by 5 percent.
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Heres a breakdown of what happens Quantity increase All quantities produced rise by 5 This signifies ...View the full answer
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The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
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