Multiple Choice
If U.S. prices increase relative to the rest of the world, we would expect:
A) imports to increase and net exports to increase.
B) exports to decrease and net exports to decrease.
C) imports to increase and net exports to increase
D) exports to decrease and net exports to increase.
Correct Answer:
Verified
Correct Answer:
Verified
Q160: When the economy is creating less output
Q161: If a hurricane were to wipe out
Q162: When the economy is producing at a
Q163: Stagflation refers to a situation in which
Q164: There is a general overall _ relationship
Q166: When people buy assets simply because they
Q167: A reduction in the amount of farmable
Q168: One reason stagflation is difficult to recover
Q169: Because the prices of final goods and
Q170: As the U.S. price level increases, expenditures