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    Macroeconomics Study Set 27
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    Exam 7: Gdp and Cpi: Tracking the Macroeconomy
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    If Nominal GDP Increases from One Year to the Next
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If Nominal GDP Increases from One Year to the Next

Question 8

Question 8

Multiple Choice

If nominal GDP increases from one year to the next, _____ must have risen.


A) prices
B) real GDP
C) prices and real GDP
D) output or prices or both

Correct Answer:

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