Multiple Choice
From 1807 to 1809, a trade embargo imposed by the United States resulted in:
A) a rise in real GDP, as residents turned toward domestic production.
B) a fall in real GDP of about 5%.
C) a lower unemployment rate in the United States.
D) a rise in the U.S. standard of living from lower prices as a result of lowered demand.
Correct Answer:
Verified
Correct Answer:
Verified
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