Assume that you are told a country's nominal GDP decreased from one year to the next. All of the following could have occurred, except one. Which one? O Output increased and the price level decreased. O Output decreased and the price level remained constant. O Output decreased and the price level decreased.

Assume that you are told a country's nominal GDP decreased from one year to the next. All of the following could have occurred, except one. Which one? O Output increased and the price level decreased. O Output decreased and the price level remained constant. O Output decreased and the price level decreased.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 18P

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