Suppose That Many of Our Trading Partners in Europe Sink

question 35

Multiple Choice

Suppose that many of our trading partners in Europe sink into recession. In the short run, output in the
United States will ________ and the price level will ________.

• A) increase; increase
• B) decrease; decrease
• C) remain unaffected; remain unaffected
• D) decrease; remain unaffected
• E) increase; remain unaffected

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Definitions:

Front-Runner

A candidate or competitor who is leading in a race or competition, especially in politics.

Media Ownership

The control of media outlets by private or corporate entities, which can influence the diversity of information, opinions, and entertainment available to the public.

Privately Owned

Ownership by non-governmental individuals or corporations, as opposed to being owned by the state or public.

Federal Government

The national government of a federated state, which holds authority over the entire nation and possesses specific powers as delineated by the constitution.