If Nominal GDP and the GDP Deflator Both Rise by 5

question 167

True/False

If nominal GDP and the GDP deflator both rise by 5%, then real GDP is unchanged.

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Definitions:

Retrograde Interference

A memory disruption phenomenon where new information interferes with the recall of old information.

Ebbinghaus

Refers to Hermann Ebbinghaus, a psychologist known for his research on memory and the forgetting curve.

Anterograde Amnesia

A condition where an individual's ability to form new memories is impaired, hindering the acquisition of new information following the onset of the amnesia.

Retroactive Amnesia

The inability to recall old information because of the interference of new information learned.