6. If all quantities produced rise by 10 percent and all prices fall by 10 percent, which...
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6. If all quantities produced rise by 10 percent and all prices fall by 10 percent, which of the following occurs?
a. Real GDP rises by 10 percent, while nominal GDP falls by 10 percent.
b. Real GDP rises by 10 percent, while nominal GDP is unchanged.
c. Real GDP is unchanged, while nominal GDP rises by 10 percent.
d. Real GDP is unchanged, while nominal GDP falls by 10 percent.
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Related Book For 
Principles Of Macroeconomics
ISBN: 9780176591977
7th Canadian Edition
Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie
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