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If the GDP deflator next year is less than the GDP deflator this year, then the price level has fallen.

achalmers

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5 years ago

If the GDP deflator next year is less than the GDP deflator this year, then the price level has fallen.

Question 1.

A GDP deflator is real GDP divided by nominal GDP times 100.

▸ true

▸ false

Question 2.

If the GDP deflator next year is less than the GDP deflator this year, then the price level has fallen.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 99 times

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Lori734

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5 years ago

More solutions for this book are available here

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achalmers Author

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5 years ago

Exactly what I needed for my project, TYSM

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