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If the GDP Deflator Is Less Than 100,which Will Be

question 13

Essay

If the GDP deflator is less than 100,which will be higher: nominal GDP or real GDP? Why?


Definitions:

Unconditioned Responses

Natural, automatic reactions to a stimulus that occur without prior learning or conditioning.

Observational Learning

Learning by observing others.

Spontaneous Recovery

The reappearance, after a pause, of an extinguished conditioned response.

Respondent Behavior

Behavior that occurs as an automatic response to some stimulus.

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