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If the Price Level and Nominal GDP Both Doubled, Then

question 26

Multiple Choice

If the price level and nominal GDP both doubled, then real GDP would:


Definitions:

Quasi In Rem

A legal term referring to action taken against the defendant's property to obtain jurisdiction over an individual.

In Personam

Pertaining to a legal action directed against a specific person demanding them to take a specific action or refrain from doing so.

In Rem

A legal term referring to a court's jurisdiction over an object or property rather than over a person.

Forum Non Conveniens

A legal principle allowing courts to dismiss a case if another court or forum is more suited to hear the case, usually because it is more convenient for the parties or the evidence.

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