Question
If nominal GDP increases in the current year, then what can be said of real GDP? Real GDP must decrease. Real GDP must increase. Real
If nominal GDP increases in the current year, then what can be said of real GDP?
Real GDP must decrease. Real GDP must increase.
Real GDP must stay the same.
Real GDP may increase or decrease, but it cannot stay the same.
Real GDP may increase, decrease, or stay the same
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Economics
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
21st Edition
1259723224, 9781259723223
