If Nominal GDP Is Rising Faster Than Real GDP, Then

question 57

True/False

If nominal GDP is rising faster than real GDP, then inflation must be occurring.

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Definitions:

AIDS

Acquired Immune Deficiency Syndrome, a life-threatening condition caused by the human immunodeficiency virus (HIV), which severely damages the immune system.

Contagious Disease

An infectious disease that can be transmitted from one individual to another through direct contact, airborne particles, or other means.

ISAS

A shorthand presentation of the symbolic interactionist’s statement: Behavior of the individual is in response to symbols, relative to the audience, and relative to the situation.

Biological Aspects

The components or characteristics of an organism or any of its parts influenced by genetics and biology.