If the Prices of All Goods and Services Produced in the Economy

question 15

Multiple Choice

If the prices of all goods and services produced in the economy rose while the quantity of all goods and services stayed the same,which would rise?

• A)both real GDP and nominal GDP.
• B)real GDP but not nominal GDP.
• C)nominal GDP but not real GDP.
• D)neither nominal GDP nor real GDP.

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Definitions:

Verbal Participation

The extent to which individuals contribute to discussions or communication through spoken words.

Conjunctive Tasks

Tasks in which group performance is limited by the performance of the poorest group member.

Formal Work Groups

Groups that are established by organizations to facilitate the achievement of organizational goals.

Informal Work Groups

Informal work groups are naturally occurring social groups within an organization that form based on common interests, friendships, or shared tasks, but are not officially structured by the organization.