If prices rose by 3% and nominal output rose by 5%, real output: b. Rose by 8%. c. Fell by 2% Rose by 2%. d. Fell by 8%

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
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If prices rose by 3% and nominal output rose by 5%, real output:
b. Rose by 8%.
c. Fell by 2%
Rose by 2%.
od
d. Fell by 8%
Transcribed Image Text:If prices rose by 3% and nominal output rose by 5%, real output: b. Rose by 8%. c. Fell by 2% Rose by 2%. od d. Fell by 8%
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