If Nominal GDP Growth Has Accelerated Permanently (Assuming Y(N),is Constant)

question 85

Multiple Choice

If nominal GDP growth has accelerated permanently (assuming Y(N) ,is constant) ,

• A)real GDP must keep growing until the growth rate of nominal GDP equals the inflation rate.
• B)real GDP will increase by the same percentage that nominal GDP increased.
• C)real GDP must keep growing until the rate of growth of real GDP equals the inflation rate.
• D)the level of real GDP will be permanently increased.

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Definitions:

Online Experiments

Research studies conducted over the internet, allowing for the collection of data from a broad geographic distribution of participants.

Diffusion

The method in which a new idea is shared across specific channels over a period among individuals within a social structure.

Internal Validity

The extent to which a research study accurately establishes a cause-effect relationship between the treatment and the observed outcome, minimizing the confounding variables.

Random Assignment

A method used in experiments where participants are allocated to different groups purely by chance, minimizing bias and equalizing other variables.