Inflation That Causes an Increase in the Prices of Goods

question 19

True/False

Inflation that causes an increase in the prices of goods and services will, other things being equal, tend to decrease nominal GDP.

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Fluid Intelligence

The capability to solve new problems, use logic in new situations, and identify patterns without relying on pre-existing knowledge.

Crystallized Intelligence

The ability to use skills, knowledge, and experience, which tends to increase over a person's lifetime.

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