If Real GDP Falls by 1 Percent,but the Nominal GDP

question 80

Multiple Choice

If real GDP falls by 1 percent,but the nominal GDP rises by 5 percent,then we must conclude that

• A)the price level rises by 5 percent.
• B)the price level falls by 1 percent.
• C)the price level rises by 6 percent.
• D)the price level falls by 4 percent.

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