A permanent reduction in net exports leads to
A) a less than proportional decrease in real Gross Domestic Product (GDP).
B) a more than proportional decrease in real Gross Domestic Product (GDP).
C) a reduction in taxes, autonomous government spending, and a fall in real Gross Domestic Product (GDP).
D) a proportional increase in real Gross Domestic Product (GDP).
B
Economics
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Which of the following would shift a firm's short-run cost curves downward?
a. an advance in technology b. an increase in employees' wages c. an increase in the demand for the firm's product d. an increase in excise taxes levied on the firm's product
Economics