If Both Aggregate Output and the Aggregate Price Level Increase

question 88

Multiple Choice

If both aggregate output and the aggregate price level increase:

• A)real GDP will increase faster than nominal GDP.
• B)nominal GDP will increase faster than real GDP.
• C)it makes no difference to real or nominal GDP.
• D)real GDP and nominal GDP will increase faster than the price level.

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Definitions:

Cartilage

A flexible connective tissue found in various parts of the body, such as the joints, rib cage, ear, nose, bronchial tubes, and intervertebral discs.

Epithelial

Relating to the epithelium, a layer of cells covering the body surfaces, lining cavities, and forming glands.

Electrical Messages

Signals or impulses transmitted by neurons in the nervous system, enabling communication between different parts of the body.