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Refer to Table 13.2 for the following questions. Table 13.2 2019 2020 Nominal GDP $12,000 $13,000 Real GDP $9,500 $10,500 Refer to Table 13.2. What
Refer to Table 13.2 for the following questions. Table 13.2 2019 2020 Nominal GDP $12,000 $13,000 Real GDP $9,500 $10,500 Refer to Table 13.2. What can we say has happened in the economy from 2019 to 2020? Refer to Table 13.2 for the following questions. Table 13.2 2019 2020 Nominal GDP $12,000 $13,000 Real GDP $9,500 $10,500 Refer to Table 13.2. What can we say has happened in the economy from 2019 to 2020? The price level has fallen. The price level has risen. The price level has remained constant. Not enough information is available to determine what has happened to prices
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