When real GDP declines in a particular year, nominal GDP:
a. will decline at a faster rate than real GDP if there is inflation.
b. will decline at a slower rate than real GDP if there is inflation.
c. may increase or decrease if there is inflation

Refer to the above figure. The profit maximizing quantity for a monopolistic competitor is

A) Q1. B) Q2. C) Q3. D) Q4.

With flexible exchange rates, the imbalance between debits and credits arising from shifts in currency demand and/or supply is accommodated through special financial borrowings or reserve movements

a. True b. False Indicate whether the statement is true or false