Hi please 1.21 If real GDP falls from one period to another and the price level stays the same, we can conclude that...a) Nominal GDP increasedb) Inflation decreasedc) Nominal GDP also decreasedd) NDP increased1.22 Which of the following explains why redistribution occurs during inflation?a) Rising prices fail to signal desirable changes in the mix of output.b) Because all prices do not change at the same rate, people buy different combinations of goods andservices and own different combinations of wealth.c) Relative prices remain unchanged.d) All loans are indexed to inflation.1.23 The inflation rate is the...a) Monthly percentage rate increase in the price of all goods and services.b) Annual percentage rate increase in tax brackets.c) Annual percentage rate increase in the average price level.d) Monthly adjustment of wages to the cost of living.

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1.21 If real GDP falls from one period to another and the price level stays the same, we can conclude that.. a) Nominal GDP increased b) Inflation decreased c) Nominal GDP also decreased d) NDP increased

1.21 If real GDP falls from one period to another and the price level stays the same, we can conclude that.. a) Nominal GDP increased b) Inflation decreased c) Nominal GDP also decreased d) NDP increased

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter7: Inflation

Section: Chapter Questions

Problem 7SQ

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