How are the following events likely to influence the level of American net exports? GDP grows faster in the United States than in the rest of the world. The inflation rate falls in the United States, but not in the rest of the world. Because of a worldwide increase in fuel prices, consumers everywhere become more interested in small, fuel-efficient cars, most of which are built abroad.
How are the following events likely to influence the level of American net exports? GDP grows faster in the United States than in the rest of the world. The inflation rate falls in the United States, but not in the rest of the world. Because of a worldwide increase in fuel prices, consumers everywhere become more interested in small, fuel-efficient cars, most of which are built abroad.
Chapter19: The Keynesian Model In Action
Section: Chapter Questions
Problem 3SQ
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- How are the following events likely to influence the level of American net exports?
GDP grows faster in the United States than in the rest of the world.- The inflation rate falls in the United States, but not in the rest of the world.
- Because of a worldwide increase in fuel prices, consumers everywhere become more interested in small, fuel-efficient cars, most of which are built abroad.
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