Question
If the percentage increase in nominal GDP is ______ than the percentage increase in ______, then _______ (select all that apply): (a) greater; the price
If the percentage increase in nominal GDP is ______ than the percentage increase in ______, then _______ (select all that apply):
(a) greater; the price level; real GDP declines. (b) greater; the price level; real GDP increases. (c) smaller; the price level; real GDP declines. (d) smaller; the price level; real GDP increases.
(e) the same as; the price level; real GDP does not change.
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The Americans An Economic Record An Economic Record
Authors: Stanley Lebergott
1st Edition
0393953114, 9780393953114
