Business, 03.03.2020 20:51 keisha7795
Q7. Which of the following is a necessary condition – something that must occur—for nominal GDP to rise? Explain your answers.
Actual production must increase.
The price level must increase
Real GDP must increase
Both the price level and actual production must increase.
Either the price level or real GDP must increase.
Answers: 3
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Q7. Which of the following is a necessary condition – something that must occur—for nominal GDP to r...
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