Multiple Choice
If the price level in the United States increases relative to prices in foreign countries, then
A) imports and exports of the United States will increase.
B) imports and exports of the United States will decrease.
C) imports of the United States will decrease and exports of the United States will increase.
D) imports of the United States will increase and exports of the United States will decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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