Multiple Choice
If deflation is occurring and nominal Gross Domestic Product (GDP) is increasing over time, then real Gross Domestic Product (GDP) is
A) decreasing.
B) increasing at the same rate as nominal Gross Domestic Product (GDP) .
C) increasing more slowly than nominal Gross Domestic Product (GDP) .
D) increasing faster than nominal Gross Domestic Product (GDP) .
Correct Answer:
Verified
Correct Answer:
Verified
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