A Fixed or Rigid Price Level Implies

question 132

Multiple Choice

A fixed or rigid price level implies

• A)that income is fixed.
• B)real GDP is greater than nominal GDP.
• C)nominal GDP is less than real GDP.
• D)real GDP equals nominal GDP.

---

Definitions:

Lubricating Fluids

Substances applied between surfaces to reduce friction, wear, and heat generation, enhancing the longevity and efficiency of mechanical systems.

Inward Curvature

The bending or curving of a structure towards the inside or center.

Lumbar Portion

The part of the lower back comprising the five lumbar vertebrae, often associated with back pain due to its weight-bearing function.

Lordosis

Abnormal anterior curvature of the lumbar spine.