Assume that you are told a country’s nominal GDP decreased from one year to the next.  All of the following could have occurred, except one.  Which one?    Output increased and the price level decreased. Output decreased and the price level decreased. Output decreased and the price level remained constant. Output increased and the price level increased. Output remained constant and the price level decreased. Output decreased and the price level increased

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Assume that you are told a country’s nominal GDP decreased from one year to the next.  All of the following could have occurred, except one.  Which one?   


Output increased and the price level decreased.
Output decreased and the price level decreased.
Output decreased and the price level remained constant.
Output increased and the price level increased.
Output remained constant and the price level decreased.
Output decreased and the price level increased.
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