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If Nominal GDP Growth in an Economy Is a Constant

Question 109

Multiple Choice

If nominal GDP growth in an economy is a constant 7 percent,the economy's long-run equilibrium is at Y equal to ________ with inflation of ________.

A) 100,zero
B) 100,7 percent
C) 107,zero
D) 107,7 percent
E) 103.5,3.5 percent

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