Everything else constant, the international trade effect indicates that aggregate expenditures in the domestic economy fall when:
a. domestic prices fall relative to foreign prices.
b. domestic interest rates fall relative to foreign interest rates.
c. domestic prices rise relative to foreign prices.
d. domestic purchasing power rises relative to foreign purchasing power.
e. domestic interest rates rise relative to foreign interest rates.
c
Economics
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Each year, the United States exports about 50 percent of its wheat crop
Indicate whether the statement is true or false
Economics
Economists hold many positions advising the president and Congress including
a. being a member of the Council of Economic Advisers. b. helping to enforce antitrust laws at the Department of Justice. c. conducting research at the Congressional Budget Office. d. All of these are possible positions that economists hold.
Economics