Evaluate the following statement: Even if the prices of a large number of goods and services in

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Evaluate the following statement: Even if the prices of a large number of goods and services in the economy increase dramatically, the real GDP for the economy can still fall, but if the prices of a large number of goods and services in the economy decrease dramatically, the real GDP for the economy cannot rise.

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Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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