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If nominal GDP increased by 5 percent during a year, while real GDP increased by only 1 percent, then the Select one: a. price level
If nominal GDP increased by 5 percent during a year, while real GDP increased by only 1 percent, then the
Select one:
a. price level remained steady but real output fell by 1 percent.
b. price level decreased by 5 percent.
c. price level increased by 4 percent.
d. price level increased by 1 percent.
e. price level increased by 6 percent.
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