In the short run, an increase in net exports causes
A. an increase in real GDP and the price level.
B. an increase in real GDP and a decrease in the price level.
C. adecrease in real GDP and an increase in the price level.
D. a decrease in real GDP and the price level.
Ans: A. an increase in real GDP and the price level.
Economics
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Both the International Monetary Fund and the World Bank were established
A) at the end of World War I. B) at the end of World War II. C) in the 1960s. D) in the 1970s.
Economics
Jessica receives a raise at her current part-time job from $9 to $11 per hour. If her labor supply curve is backward sloping, she will work fewer hours after receiving the pay raise
a. True b. False Indicate whether the statement is true or false
Economics