Chat with AI
Economics 10th Edition by William McEachern
Edition 10ISBN: 978-1133188124Economics 10th Edition by William McEachern
Edition 10ISBN: 978-1133188124 Exercise 11
NOMINAL GDP Which of the following is a necessary condition-something that must occur-for nominal GDP to rise? Explain your answers.
a. Actual production must increase.
b. The price level must increase.
c. Real GDP must increase.
d. Either the price level or real GDP must increase as long as the other does not decrease.
e. Either the price level or real GDP must increase.
a. Actual production must increase.
b. The price level must increase.
c. Real GDP must increase.
d. Either the price level or real GDP must increase as long as the other does not decrease.
e. Either the price level or real GDP must increase.
Explanation
Verified
Verified
Nominal GDP
Nominal GDP is the market v...
Economics 10th Edition by William McEachern
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
