What Occurred During 2012 If Nominal GDP Increased and Real

question 53

Multiple Choice

What occurred during 2012 if nominal GDP increased and real GDP decreased,relative to the year 2011?

• A)The economy experienced deflation during 2012.
• B)Production of intermediate goods and services in the economy increased during 2012.
• C)The economy experienced inflation during 2012.
• D)Total production of goods and services in the economy increased during 2012.

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Definitions:

Stimuli

External agents or occurrences that provoke a reaction or response from a biological organism.

Asthmatics

are individuals who suffer from asthma, a chronic respiratory condition characterized by episodes of wheezing, coughing, and difficulty breathing.

Cannon-Bard Theory

A theory of emotion that argues that physiological arousal and emotional experience occur simultaneously, yet independently.

Physiological Symptoms

Observable body responses to various stimuli, indicating a reaction, such as increased heart rate, sweating, or a rash, in relation to emotions, disease processes, or environmental factors.