Business, 27.05.2020 14:58 janel72

Ritical analysis Q10 Suppose that unexpectedly rapid growth in real income abroad leads to a sharp increase in the demand for American exports. What impact will this change have on the price level, output, and employment in the long run in the United States? Output and employment will increase exerting modest upward pressure on the price level. The price level will increase, with no change in output and employment.

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Ritical analysis Q10 Suppose that unexpectedly rapid growth in real income abroad leads to a sharp i...

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