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In Figure 5

Question 60

Multiple Choice

In Figure 5.1,during the period between the early 1970s and 1980,real GDP grew at a faster rate than nominal GDP.This is an indication that A) Average price levels decreased. B) Production increased at a faster rate than average price increased. C) Production increased at a slower rate than average price increased. D) Average price levels increased. In Figure 5.1,during the period between the early 1970s and 1980,real GDP grew at a faster rate than nominal GDP.This is an indication that


A) Average price levels decreased.
B) Production increased at a faster rate than average price increased.
C) Production increased at a slower rate than average price increased.
D) Average price levels increased.

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