When the average price level in the United States, relative to the average price levels in other countries, rises, this tends to
A. raise imports and exports.
B. lower imports and exports.
C. raise imports and lower exports.
D. lower imports and raise exports.
C. raise imports and lower exports.
Economics
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Higher efficiency in the economy can be reached if prices are held low by law
a. True b. False Indicate whether the statement is true or false
Economics
According to the quantity theory of money, a 3 percent increase in the money supply
a. causes the price level to rise by 3 percent. b. causes the price level to rise by less than 3 percent. c. leaves the price level unchanged. d. causes the price level to fall by 3 percent.
Economics