Multiple Choice
Between 1945 and 1950,the U.S.price level rose by one-third.This increase was complemented by which of the following?
A) An increase in nominal and real GDP
B) An increase in nominal GDP but a decrease in real GDP
C) An increase in real GDP but a decrease in nominal GDP
D) Stable nominal and real GDP
Correct Answer:
Verified
Correct Answer:
Verified
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