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If real GDP increased by 2% and nominal GDP increased by 4%, then output: increased and the price level decreased. decreased and the price level

  1. If real GDP increased by 2% and nominal GDP increased by 4%, then output:
  2. increased and the price level decreased.
  3. decreased and the price level decreased.
  4. increased and the price level increased.
  5. decreased and the price level increased.

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