Multiple Choice
Suppose that many of our trading partners in Europe sink into recession. In the short run, output in the
United States will ________ and the price level will ________.
A) increase; increase
B) decrease; decrease
C) remain unaffected; remain unaffected
D) decrease; remain unaffected
E) increase; remain unaffected
Correct Answer:
Verified
Correct Answer:
Verified
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