Suppose that real GDP grew more slowly than nominal GDP between year 1 and year 2. What must have happened to prices on average?
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Q150: Why do economists believe that the CPI
Q151: To be included in GDP, an activity
Q152: The CPI tends to understate inflation.
Q153: The CPI tends to overstate inflation because
Q154: Which of the following statements is false?
A)Some
Q156: GDP is a perfect measure of production
Q157: How do the CPI and the GDP
Q158: Which of the following statements is true?
A)The
Q159: Which of the following would not be
Q160: Exhibit 18-8
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