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Answered

Suppose that price level has risen in the past year, but production of goods and services has remained constant. Nominal GDP has ______, and real GDP has ______.
A) increased; not changed


B )increased; increased


C )decreased; increased


D) decreased; decreased

Answer :

Decreased; increased

Answer:

increased; not changed

Explanation:

The Nominal GDP changes with inflation while the Real GDP does not.

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