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Let's say that the government nationalizes production of these two goods, so that the government now produces 36 rolls of toilet paper (where 18 were
Let's say that the government nationalizes production of these two goods, so that the government now produces 36 rolls of toilet paper (where 18 were produced before) and now produces 40 packs of hand sanitizer (where 20 were produced before), but there are no prices assigned as there is now no buyer and no seller. 28. [10 points] Given this information, can we know what happens to nominal GDP in Quarantine? If so, how much larger is nominal GDP now
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