Question: a) Look at the graph and pick the answer that best describes the data series. multiple choice 1 Real GDP generally rises over time because
a) Look at the graph and pick the answer that best describes the data series. multiple choice 1 Real GDP generally rises over time because of the higher price level in more recent years. Real GDP generally rises over time, except during recessions (when it may fall). Real GDP shows no distinct trend. Real GDP, because it is a real variable, tends to be constant
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
