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If Nominal GDP Is Declining,then It Must Be the Case

Question 127

Multiple Choice

If nominal GDP is declining,then it must be the case that:


A) fewer goods and services are being produced.
B) prices must be lower on average.
C) prices must be increasing more rapidly than production.
D) prices are falling at a greater rate than production is rising.
E) production is rising at a greater rate than prices are falling.

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