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Other Things Equal, When Europeans Want to Buy More Grain

Question 96

Multiple Choice

Other things equal, when Europeans want to buy more grain from the United States:


A) U.S.imports will increase.
B) European exports will increase at every level of domestic income.
C) U.S.exports will increase at every level of domestic income.
D) the U.S.balance of payments will show a deficit.
E) U.S.consumption spending will fall.

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