Examlex
An increase in the U.S.price level relative to the price level of other countries would
GDP
stands for Gross Domestic Product, a measure of a nation's total economic output and a key indicator of economic health.
NAFTA
The North American Free Trade Agreement, a treaty between the United States, Canada, and Mexico that eliminated most tariffs on trade between them.
GDP
Gross Domestic Product, a measure of the economic performance of a country, calculated as the total value of all goods and services produced over a specific time period.
Protectionism
An economic policy of restricting imports from other countries through methods such as tariffs and quotas to protect domestic industries.
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