Q12) Given that the nominal GDP for country M in 2021 is $1250 billion and the real GDP for country M in 2021 is $1350 billion. Based on the GDP deflator, the consumers are experiencing

a. Greater purchasing power

b. Weaker purchasing power

c. Full employment

d. Economic growth

Q13) When we hold more currency, the money multiplier is _ and the money supply is _.

a. lower; higher

b. lower; lower

c. higher; higher

d. higher; lower

Give explanation