abbymal724 abbymal724
  • 25-03-2024
  • Business
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Suppose that nominal GDP is 1000 in 2006 and nominal GDP is 1500 in 2007. If the overall price level ______ between 2006 and 2007, we could say that real GDP _________.
1) increased, increased
2) increased, decreased
3) decreased, increased
4) decreased, decreased

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