Suppose That an Economy Is Experiencing Continuously Rising Prices

question 116

Multiple Choice

Suppose that an economy is experiencing continuously rising prices. If 2000 is the base year, then the real GDP in 2009 is _______ than the nominal GDP.

• A) greater than
• B) equal to
• C) less than
• D) There is insufficient information to answer this question.

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Definitions:

Long-term Potentiation

A lasting increase in signal transmission between two neurons, believed to be a cellular mechanism for learning and memory.

Implicit Memory

A type of long-term memory that is not consciously recalled but influences thoughts, behaviors, and skills without one's awareness.

Retrieval Cue

Stimuli or hints that can help in the recall of memories by making them more accessible.

Semantic Network Activation

Semantic Network Activation refers to the process by which activating one concept in memory makes related concepts more easily accessible.