If your nominal income rises faster than the price level,
A. Your real income has risen.
B. You can buy fewer goods and services.
C. There must be deflation.
D. Your real income has fallen.
Answer: A
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Indicate whether the statement is true or false
Nominal GDP can never be equal to real GDP.
Answer the following statement true (T) or false (F)
An advantage of a corporation is
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