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Suppose the price level rises from 2027 to 2028. Then real GDP in 2028, with 2027 as the base year, will be _________ nominal GDP

Suppose the price level rises from 2027 to 2028. Then real GDP in 2028, with 2027 as the base year, will be _________ nominal GDP in 2028.

Group of answer choices

The same as

Lower than

The same as

Cannot be determined from the given information

Very high inflation (hyperinflation) causes

Group of answer choices

All of these

Money to cease functioning as an effective medium of exchange

General breakdown of an economic system

Money to lose its value

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