Use the following gure to answer the question. The gure shows the nominal GDP (shown in blue) and real GDP (shown in red) for U.S. from 2005 to until now. Real GDP line is above the line for nominal GDP before the year 2012. Which of the following statemenls must be true? None of the choices. This implies that the price level before 2012 was lower than the price level in the base year. The U.S. economy did not experience an increase in the goods and services produced Within a year before 2012. The U.S. economy did. not experience rising prices before 2012. GOOD If the quantity demanded of apples has increased, then which of the following has occurred? 0 The price of apple has decreased. 0 The price of apple has increased. 0 The supply curve for apple has shifted to the right. O The demand curve for apple has shifted to the right. Which of the following is true about the law of increasing opportunity costs? The more one produces of one good, the higher is the cost per unit of that good. The more one produces of one good, the price of that good will continue to increase. The more one produces of one good, the more units of the other good must be sacriced. @000 The more one produces of one good, the more specialization is occurring