If you marry your electrician:

a. Real and nominal GDP rise.
b. Real GDP rises but nominal GDP falls.
c. Real GDP falls, but nominal GDP rises.
d. Real and nominal GDP fall.
e. There is no change in real or nominal GDP.

.D

Economics

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If the money supply increases 10-percent, velocity decreases 5-percent, and the price level increases 6-percent, then the change in real GDP is

a. 1. b. 4. c. -1. d. 5.

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Discuss the components of GDP using the expenditure approach

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