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Question 20: Increases in Nominal GDP can be caused by: a) Increases in the current prices of the final goods and services produced by
Question 20: Increases in Nominal GDP can be caused by: a) Increases in the current prices of the final goods and services produced by a nation. b) Increases in the quantities produced and sold of final goods and services produced by a nation. ( Answers a and b. d) An inward shift in SRAS. e) An inward shift in LRAS.
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