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AP® Macroeconomics

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Moderate

Real & Nominal GDP Considerations

APMACR-B4YEOF

If real GDP is 110 and nominal GDP 100 then

A

deflation must have occurred.

B

inflation must have occurred.

C

AD intersects LRAS in the Classical Range.

D

Keynesian economics is false.

E

the Fed probably increased the reserve requirement.