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Which of the following is a necessary condition - something that must occurfor nominal GDP to rise? Actual production must increase. The price level must

Which of the following is a necessary condition - something that must occurfor nominal GDP to rise?

  1. Actual production must increase.
  2. The price level must increase
  3. Real GDP must increase
  4. Both the price level and actual production must increase.
  5. Either the price level or real GDP must increase.

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