If the price of inputs rises when a nation is in the intermediate range:
a. Real GDP remains the same and average price level rises.
b. Real GDP remains the same and average price level remains the same.
c. Real GDP falls and average price level rises.
d. Real GDP falls and average price level falls.
e. Real GDP falls and average price level remains the same.
.C
Economics
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Social Security retirement benefits are increased automatically each year at the rate of inflation
Indicate whether the statement is true or false
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