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.

---

Definitions:

Disengaged

lacking interest, involvement, or commitment; often used to describe students or employees who are not actively participating.

Rituals

Formalized actions performed in a customary way, often with symbolic meaning, such as religious ceremonies or family traditions.

Homeostasis

A state of equilibrium, balance, or lack of conflict.

Implicit

Something suggested or understood without being directly expressed.