If real GDP falls from one period to another, we can conclude that:
<u>deflation occurred.</u>
Real GDP adjusts the level of output for any potential price adjustments that may have occurred over time; nominal GDP adjusts the level of output for changes in the price level using prices from a base year (constant prices) rather than the "current prices" used in nominal GDP.
The GDP deflator is a price index that tracks the average prices of all finished products and services produced inside a country's boundaries over time. It is used to adjust nominal GDP to determine real GDP.
So when the real GDP falls it can be concluded that deflation has occurred in the economy that is fall in prices .
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She hopes to land the job because of the SCREENING EFFECT
Answer:
b
Explanation:
It was built by Mughal Emperor Shah Jahan in memory of his wife Mumtaz Mahal with construction starting in 1632 AD and completed in 1648 AD, with the mosque, the guest house and the main gateway on the south, the outer courtyard and its cloisters were added subsequently and completed in 1653 AD.
The right answer for the question that is being asked and shown above is that: "B. He helped negotiate peace <span>agreements between Israeli and PLO leaders. C. He helped bring about a stock-market surge, low unemployment, minimal inflation, and general prosperity. D. He supported a welfare reform billed that increased the number of people receiving welfare."</span>