Question
In an economy with rising prices, compared to the base year, OA. nominal GDP is larger than real GDP in years before the base
In an economy with rising prices, compared to the base year, OA. nominal GDP is larger than real GDP in years before the base year. B. nominal GDP is equal to real GDP in years after the base year. C. nominal GDP is larger than real GDP in years after the base year. D. nominal GDP is equal to real GDP in years before the base year.
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Money Banking and Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
4th edition
007802174X, 978-0078021749
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