The price level grew slightly faster than real GDP between 1947 and 2014. Does this mean that
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The price level grew slightly faster than real GDP between 1947 and 2014. Does this mean that the rising price level masked an actual decline in output? Why or why not?
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Related Book For
Macroeconomics A Contemporary Introduction
ISBN: 9781305505490
11th Edition
Authors: William A. McEachern
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