If the Prices of All Goods and Services Rose, but the Quantity

question 121

Multiple Choice

If the prices of all goods and services rose, but the quantity produced remained unchanged, what would happen to nominal and real GDP?

• A) Nominal and real GDP would both rise.
• B) Nominal and real GDP would both be unchanged.
• C) Real GDP would rise, but nominal GDP would be unchanged.
• D) Nominal GDP would rise, but real GDP would be unchanged.

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Definitions:

Misconduct

Inappropriate or unlawful behavior by an individual, especially by a professional or an official, contrary to the standards expected of their position or status.

Federal Sentencing Guidelines

A set of rules used by judges in the United States to determine the sentence for a convicted individual, taking into account the nature of the crime and the defendant's criminal history.

Tolerate Misconduct

The acceptance or allowance of behavior that is wrong or inappropriate without taking action to correct or stop it.

Social Isolation

A state where an individual lacks a sense of social belonging, engagement with others, or has minimal social contacts, often leading to negative health outcomes.