4. If nominal GDP and real GDP both rise by 10 percent, then the GDP deflator a....

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4. If nominal GDP and real GDP both rise by 10 percent, then the GDP deflator

a. also rises by 10 percent.

b. rises by about 20 percent.

c. falls by 10 percent.

d. is unchanged.

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 30, 2024 08:00 AM

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4. If nominal GDP and real GDP both rise by 10 percent, then the GDP deflator a....

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Macroeconomics

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