Which of the following statement(s) is true?
A) Higher inflation means lower real GDP, ceteris paribus
B) Price Index is 200 if nominal GDP and real GDP are the same
1
Only B
2
Both A and B
3
Only A
4
Neither A nor B
Which of the following statement(s) is true?
A) Higher inflation means lower real GDP, ceteris paribus
B) Price Index is 200 if nominal GDP and real GDP are the same