Inflation That Causes an Increase in Prices of Goods and Services

question 145

Multiple Choice

Inflation that causes an increase in prices of goods and services in the economy will,other things being equal

• A)tend to decrease GDP.
• B)tend to increase GDP.
• C)tend to decrease real GDP.
• D)tend to increase real GDP.
• E)None of the choices/statements are true.

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Definitions:

Acidity

The level of acid present in a substance, often measured by pH.

Alkalinity

A measure of the capacity of water or any solution to neutralize acids, often associated with a pH level above 7, indicating a basic solution.

Molecular Formula

A notation that shows the number and type of atoms in a molecule, indicating the composition but not the structure of the molecule.

Hydrogen Atom

The simplest type of atom, consisting of one proton in the nucleus and one electron in orbit around it.