Business, 28.02.2020 02:07 emilylittle2442

Suppose that the nominal value of GDP increased by approximately 2 percent during a given year, but real GDP decreased by 3 percent. Which of the following best explains these eventsa. The money supply decreased by approximately 5 percent.
b. Prices fell by approximately 5 percent.
c. Prices increased by approximately 5 percent.
d. The real productive capacity of the economy increased by approximately 5 percent.

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Suppose that the nominal value of GDP increased by approximately 2 percent during a given year, but...

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