If the rate of increase in the price level exceeds the rate of increase in nominal GDP, real GDP declines

When the Act of 1873 was passed, silver was worth _________ in the market than at the mint; however, subsequent __________ in the supply of silver led to public outcry over the "demonetization" of silver under the Act. a.less; decreases b.less; increases c.more; decreases d.more; increases

Fill in the blank(s) with correct word

A main argument against indexing is that: a. it can worsen inflation

b. it can reduce asset prices. c. transaction costs are too high. d. it could lead to deflation.