Multiple Choice
The trade feedback effect includes all of the following steps EXCEPT
A) an increase in U.S.economic activity stimulates U.S.imports.
B) an increase in foreign imports stimulates U.S.exports.
C) an increase in U.S.exports stimulates U.S.economic activity.
D) an increase in foreign income stimulates U.S.imports.
Correct Answer:
Verified
Correct Answer:
Verified
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