If nominal GDP increased by 11 percent during a year, while real GDP decreased by5 percent, then
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Question:
If nominal GDP increased by 11 percent during a year, while real GDP decreased by5 percent, then the
Select one:
a.price level remained steady but real output fell by 6 percent.
b.price level decreased by 6 percent.
c.price level increased by 6 percent.
d.price level increased by 16 percent.
e.unemployment rate fell during the year.
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