Multiple Choice
When the U.S.price level increases relative to the price level in foreign economies,U.S.consumers tend to buy:
A) Fewer imported goods and fewer domestically produced goods,ceteris paribus.
B) Fewer imported goods and more domestically produced goods,ceteris paribus.
C) More imported goods and fewer domestically produced goods,ceteris paribus.
D) More imported goods and more domestically produced goods,ceteris paribus.
Correct Answer:

Verified
Correct Answer:
Verified
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