Multiple Choice
"The global financial crisis has had a considerable impact on China's export growth, which will cont show weakness with recession in the U.S. and Europe," said a report by JP Morgan & Co.
Money.cnn.com, 11/11/20
If Chinese exports continue to decline, the AE curve will shift , the price level will the short run and real GDP will in the short run.
A) downward; decrease; decrease
B) upward; decrease; decrease
C) downward; decrease; not change
D) upward; decrease; not change
Correct Answer:

Verified
Correct Answer:
Verified
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