Multiple Choice
If real GDP increased by 3 percent,then
A) real output has increased by 3 percent
B) the price level has increased by 3 percent
C) consumer spending increased by 3 percent
D) government spending increased by 3 percent
E) the increase might have been caused by an increase in the price level,but we cannot tell for sure
Correct Answer:
Verified
Correct Answer:
Verified
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