If Nominal GDP Rises

question 96

Multiple Choice

If nominal GDP rises,

• A) real GDP may either rise or fall.
• B) we can be certain that the price level has risen.
• C) real GDP must fall.
• D) real GDP must also rise.

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Definitions:

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A French philosopher, playwright, novelist, and political activist from the 20th century, recognized for his work in existentialism and phenomenology.

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A struggle or clash between opposing forces, ideas, or interests, either internally within a person or externally between individuals, groups, or nations.

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An American philosopher known for his contributions to philosophy of mind, political philosophy, and ethics, particularly famous for the essay "What Is It Like to Be a Bat?".