Ratio of the increase in ____ to increase in ____ is called the multiplier
Fill in the blank(s) with the appropriate word(s).
equilibrium real GDP; autonomous expenditure
Economics
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International trade has the potential to
A. increase the availability of goods and services to those nations that export more than they import. B. increase the availability of goods and services to those nations that have an absolute advantage in the production of a good or service. C. increase the availability of goods and services to all nations. D. decrease the availability of goods and services to all nations.
Economics
In the long run, the price level is determined by aggregate supply
a. True b. False Indicate whether the statement is true or false
Economics