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The Quantity of Real GDP Demanded Equals $12

Question 125

Multiple Choice

The quantity of real GDP demanded equals $12.2 trillion when the GDP deflator is 90. If the GDP deflator rises to 95, the quantity of real GDP demanded equals


A) $12.2 trillion.
B) less than $12.2 trillion.
C) more than $12.2 trillion.
D) more information is needed to determine if the quantity of real GDP demanded increases, decreases, or does not change.

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