Multiple Choice
Deflation generally occurs when which of the following occurs?
A) the consumer price index is greater than the GDP deflator
B) the consumer price index decreases
C) the rate of inflation falls, for example, from 4% to 2%
D) nominal GDP does not change
Correct Answer:
Verified
Correct Answer:
Verified
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Q8: First,define nominal GDP and real GDP.Second,is it
Q9: Changes in GDP in the medium run
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Q11: The Okun's law shows the relationship between<br>A)inflation
Q13: During the late 1990s,Japan experienced reductions in
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Q15: Fill in the blank for the following:
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