Economic growth is best viewed as short-run changes in nominal GDP.

Name: Economic growth is best viewed as short-run changes in nominal GDP.
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Economic growth should be viewed as long-term, sustained increases in real GDP, not short-term changes in nominal GDP which can be influenced by inflation. Real GDP accounts for the effects of inflation and provides a more accurate picture of economic growth over time.

Economic Growth Is Best Viewed as Short-Run Changes in Nominal