Exploring Economics
Exploring Economics
8th Edition
ISBN: 9781544336329
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Chapter 23, Problem 12P
To determine

To explain:

The change in the aggregate expenditure function and the equilibrium level of real GDP, if the economy is a net importer.

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What is the effect on aggregate expenditure if the values of exports exceeds the value of imports in a country
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