2017 2018
Nominal GDP $10,000 $12,000
Real GDP 9,500 10,500
Given the information above, what can we say has happened in the economy from 2017 to 2018?
A. The price level has remained constant.
B. Not enough information is available to determine what has happened to prices.
C. The price level has risen.
D. The price level has fallen.
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