Answered: If real GDP falls from one period to…

If real GDP falls from one period to another and the price level stays the same, we can conclude that… a) Nominal GDP increased b) Inflation decreased c) Nominal GDP also decreased d) NDP increased

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter7: Inflation

Section: Chapter Questions

Problem 5SQP

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1.21 If real GDP falls from one period to another and the price level stays the same, we can conclude that…

a) Nominal GDP increased
b) Inflation decreased
c) Nominal GDP also decreased
d) NDP increased

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