Multiple Choice
Which of the following statements about GDP is FALSE?
A) Real GDP will increase if there is an increase in the output of the economy.
B) Real GDP will increase if there is an increase in the economy's level of prices.
C) Money GDP will increase if there is an increase in the output of the economy.
D) Money GDP will increase if there is an increase in the economy's level of prices.
Correct Answer:
Verified
Correct Answer:
Verified
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