During the Price-Specie-Flow Adjustment Process to a Trade Imbalance, If

question 7

Multiple Choice

During the price-specie-flow adjustment process to a trade imbalance, if demands for Goods are inelastic, then, when the price level __________ in the country with the trade Deficit, the value of that country's exports will __________ as the price-specie-flow Process takes place.

• A) falls; increase
• B) falls; decrease
• C) rises; increase
• D) rises; decrease

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