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Munze Munze
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7 years ago
Suppose nominal GDP increased in a given year. Based on this information, we know with certainty that
A) real output has increased.
B) the price level (GDP deflator) has increased.
C) real output and the price level (GDP deflator) have both increased.
D) either real output or the price level (GDP deflator) have increased.
E) real output has increased and the price level has decreased.
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
Authors:
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Macroeconomics, 6/E (Blanchard, Johnson)
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vonCOLLINZOvonCOLLINZO
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7 years ago
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Munze Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wyq2651
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Yesterday
Thanks for your help!!
asd454512
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2 hours ago
Correct Slight Smile TY
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