If the nominal GDP were to increase, but the real GDP were to increase by less from one year to the next, we could conclude:

If the nominal GDP were to increase, but the real GDP were to increase by less from one year to the next, we could conclude: 




A. prices went up, but output stayed the same.

B. prices stayed the same, but output went up.

C. both prices and output went up.

D. both prices and output stayed the same.




Answer: C


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