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Question 29 2 pts Unexpected inflation harms both debtors and individuals who live on fixed incomes. O True O FalseQuestion 34 2.5 pts Which of the following statements is true about comparative advantage? Comparative advantage exists wheneQuestion 40 2.5 pts Gains from trade can be realized if each country specializes in the production of a good in which it hasQuestion 41 2 pts Nominal GDP has risen faster than real GDP in the last decade because: the price level has increased. the p

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Q29. False. Unexpected inflation harms lenders and borrowers gains as the money loses its value

Q34. Option 4. A nation gains comparative advantage when the opportunity costs are lower.

Q40. True. As lower opportunity cost leads to gain comparative advantage as they have to lose lesser quantity of other goods

Q41. Option 1. The increase in general price level leads to increased nominal GDP

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