Multiple Choice
Which of the following will most likely occur in the United States as the result of an unexpected rapid growth in real income in Canada and Mexico?
A) an increase in aggregate demand and output in the short run
B) an reduction in aggregate demand and output in the short run
C) a reduction in the price level
D) a decrease in the natural rate of unemployment in the United States
Correct Answer:
Verified
Correct Answer:
Verified
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