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lpn27 lpn27
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A year ago
Consider an economy over the years 2008 and 2009. The output in the economy remained constant over these two years, but the prices of all goods and services halved. In such a situation, ________.

▸ the nominal GDP of the economy increased over the two years

▸ the real GDP of the economy stayed the same over the two years

▸ the real GDP of the economy increased over the two years

▸ the nominal GDP of the economy remained the same over the two years
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Macroeconomics

Macroeconomics


Edition: 3rd
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okaymanokayman
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A year ago
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