Multiple Choice
If you have $4000 and the GDP deflator decreases from 100 to 90
A) the $4000 will buy 10 percent less of the goods and services produced by society.
B) the $4000 will buy 10 percent more of the goods and services produced by society.
C) the value of the $4000 decreases.
D) the value of the $4000 remains constant.
Correct Answer:
Verified
Correct Answer:
Verified
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