Multiple Choice
If real GDP falls from one period to another, we can conclude that
A) deflation occurred.
B) inflation occurred.
C) nominal GDP fell.
D) none of these necessarily occurred.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q2: Which of the following is included in
Q20: Money spent on the purchase of a
Q36: In an economy that is experiencing inflation
Q37: If depreciation (consumption of fixed capital) exceeds
Q39: In the reservoir analogy for stock versus
Q41: A statistic called Gross Output (GO) sums
Q43: If real GDP declines in a given
Q44: Suppose nominal GDP in 2009 was $100
Q103: Suppose that GDP was $200 billion in
Q162: Net exports is a positive number when<br>A)