A decrease in real GDP at the same time that nominal GDP increases would be consistent with: None of the other options An increase in the price level A period of deflation A decrease in the GDP deflator

A decrease in real GDP at the same time that nominal GDP increases would be consistent with: None of the other options An increase in the price level A period of deflation A decrease in the GDP deflator

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section5.4: Real Versus Nominal Gdp

Problem 4QQ

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A decrease in real GDP at the same time that nominal GDP increases would be consistent with:

None of the other options
An increase in the price level
A period of deflation
A decrease in the GDP deflator

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