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

Alek Hsiang

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

Question 1.

For any year beyond the base year, nominal GDP must be greater than real GDP.

▸ true

▸ false

Question 2.

If the GDP deflator next year is greater 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 125 times

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cooldawg69

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More solutions for this book are available here

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Thanks for your help!!

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