An increase in the price level reduces net exports because

A) it leads indirectly to a higher exchange rate.
B) it leads indirectly to a lower exchange rate.
C) it leads indirectly to a lower real interest rate.
D) it leads directly to higher real money balances.

A

Economics

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Refer to Figure 13-11. What is the productively efficient output for the firm represented in the diagram?

A) Q1 units B) Q2 units C) Q3 units D) Q4 units

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