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Suppose the amount of output doesn't change in an economy, but the consumer price index (CPI) increases. What happens to nominal gross domestic product (GDP)
Suppose the amount of output doesn't change in an economy, but the consumer price index (CPI) increases. What happens to nominal gross domestic product (GDP) and real GDP? Choose 1 answer: Choose 1 answer: (Choice A) Nominal GDP doesn't change; real GDP increases. A Nominal GDP doesn't change; real GDP increases. (Choice B) Nominal GDP increases; real GDP increases. B Nominal GDP increases; real GDP increases. (Choice C) Nominal GDP increases; real GDP doesn't change. C Nominal GDP increases; real GDP doesn't change. (Choice D) Nominal GDP decreases; real GDP decreases. D Nominal GDP decreases; real GDP decreases. (Choice E) Nominal GDP increases; real GDP decreases. E Nominal GDP increases; real GDP decreases
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