In real terms, the level of aggregate output and the general price level are not related.

Name: In real terms, the level of aggregate output and the general price level are not related.
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Quizplus · Accepted Answer

In real terms, the level of aggregate output and the general price level are related through the concept of real GDP, which adjusts nominal GDP for changes in the price level, allowing for an accurate comparison of economic output over time without the distortion of inflation.

In Real Terms, the Level of Aggregate Output and the General