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Look at the graph and pick the answer that best describes the data series. multiple choice 1 Real GDP generally rises over time because of
Look at the graph and pick the answer that best describes the data series.
multiple choice 1
- Real GDP generally rises over time because of the higher price level in more recent years.
- Real GDP shows no distinct trend.
- Real GDP, because it is a real variable, tends to be constant.
- Real GDP generally rises over time, except during recessions (when it may fall).
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
