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Suppose that in the country of Newbia, nominal GDP increased over the 2014-2015 time period. There was no change in real GDP over this time
Suppose that in the country of Newbia, nominal GDP increased over the 2014-2015 time period. There was no change in real GDP over this time period. We can conclude that: Group of answer choices b. the price level fell. d. output increased. a. there was no change in the price level. c. the price level increased
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International Economics
Authors: Dominick Salvatore
11th edition
978-1118177938, 1118177932, 1119915732, 978-1118476017, 1118476018, 978-1119915737
