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Nominal GDP Will Increase

Question 90

Multiple Choice

Nominal GDP will increase


A) only if the average level of prices rises.
B) only if the quantity of goods and services produced increases.
C) only if the unemployment rate rises.
D) only if both the average level of prices rises and the quantity of goods and services produced increases.
E) if either the average level of prices rises or the quantity of goods and services produced increases.

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