Which of the following could cause nominal GDP to decrease, but real GDP to increase?
A) The price level rises and the quantity of final goods and services produced rises.
B) The price level falls and the quantity of final goods and services produced falls.
C) The price level rises and the quantity of final goods and services produced falls.
D) The price level falls and the quantity of final goods and services produced rises.
D
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Because individuals can move from one government jurisdiction to another, _____
a. governments tend to cooperate with one another b. governments tend to look alike c. governments tend to merge into larger governments d. governments tend to give constituents what they want
The money supply curve as determined by current Federal Reserve policy is
A. Downward-sloping to the right. B. Vertical since it's not determined by the interest rate. C. Horizontal since it's not determined by the interest rate. D. Upward-sloping to the right.