Business, 10.03.2020 16:39 angtrevv

Consider a situation where the residents of a major U. S. trade partner see an increase in their income. Assuming the U. S. economy starts in equilibrium, order the following time periods by price level, from lowest to highest.

1. several years after an increase in the income of foreign buyers
2. immediately before an increase in the income of foreign buyers
3. a month after an increase in the income of foreign buy

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Consider a situation where the residents of a major U. S. trade partner see an increase in their inc...

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