During the late 1990s, Japan experienced decreases in the GDP deflator. Given this information, we know with certainty that:
A) real GDP remained the same and the price level decreased during these periods.
B) real GDP fell during these periods.
C) the price level in Japan decreased during these periods.
D) both real GDP and the price level decreased during these periods.
E) real GDP did not change during these periods.
Correct Answer:
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