Question
Which of the following could cause nominal GDP to decrease, but real GDP to increase? A) The price level rises, and the quantity of final
Which of the following could cause nominal GDP to decrease, but real GDP to increase?
A) The price level rises, and the quantity of final goods and services produced falls.
B) The price level falls, and the quantity of final goods and services produced falls.
C) The price level falls, and the quantity of final goods and services produced rises.
D) The price level rises, and the quantity of final goods and services produced rise
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Microeconomics Theory and Applications with Calculus
Authors: Jeffrey M. Perloff
3rd edition
133019934, 978-0133019933
