Exploring Economics
8th Edition
ISBN: 9781544336329
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Question
Chapter 22, Problem 10P
To determine
To explain:
The effect on the purchases of imported goods when the
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If there is excess demand for goods and services in the economy at the current price level, then the:
If there is excess demand for goods and services in the economy at the current price level, then the:
A. price level will remain the same
B. GDP will fall
C. price level will increase
D. price level will decrease
what happen exports when price level increase? Describe in paragraph
what is the equilibrium price level?
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If prices change in a way that leaves the overall price level unchanged then no one is made better or worse off.
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