If Nominal GDP Is Declining,then It Must Be the Case

question 127

Multiple Choice

If nominal GDP is declining,then it must be the case that:

• A) fewer goods and services are being produced.
• B) prices must be lower on average.
• C) prices must be increasing more rapidly than production.
• D) prices are falling at a greater rate than production is rising.
• E) production is rising at a greater rate than prices are falling.

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