The IS curve shows the combinations of ________ and ________ where the goods market is in equilibrium

In the figure above, with international trade American consumers buy ________ million shirts per year

A) 48 B) 32 C) 16 D) 24

When the flow of money from the foreign countries to the domestic firms equals the flow of money from the home country to the foreign firms, _____

a. a trade surplus exists b. an equal amount of agricultural and manufactured products are exported c. a trade deficit exists d. an equal amount of goods and services are imported e. the value of net exports is zero