If the World Economy Expands So That Foreign Demand for U.S.-Made

question 44

Essay

If the world economy expands so that foreign demand for U.S.-made goods increases, in the short run what will happen to aggregate demand, the price level, and real GDP in the U.S.?

---

Definitions:

Abolitionists

People who advocated for the immediate end of slavery and the emancipation of slaves, primarily active in the 18th and 19th centuries.

Mental Expectations

The beliefs or forecasts an individual holds about future outcomes or behaviors.

Taste

A sense that detects the flavor of substances, including sweetness, sourness, bitterness, saltiness, and umami, through taste buds on the tongue.

Psychokinesis

The claimed paranormal ability to move or manipulate objects with the mind without physical interaction.