Multiple Choice
If you have $1 000 and the GDP deflator increases from 100 to 120,then
A) the $1 000 will buy 20 percent less of the goods and services produced by society.
B) the $1 000 will buy 20 percent more of the goods and services produced by society.
C) the value of the $1 000 increases.
D) you will be able to buy fewer goods,but the real value of those goods will increase.
Correct Answer:
Verified
Correct Answer:
Verified
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