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Japan experienced periods of deflationa declining price levelduring the 1990s. During a deflationary period, which would be higher: nominal GDP or real GDP? Why? Assume

Japan experienced periods of deflationa declining price levelduring the 1990s. During a deflationary period, which would be higher: nominal GDP or real GDP? Why? Assume that the base year of choice is prior to the deflationary period.

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