Other Things Equal, If a Change in the Tastes of American

question 138

Multiple Choice

Other things equal, if a change in the tastes of American consumers causes them to purchase more foreign goods at each level of U.S.GDP, then

• A)unemployment will decrease domestically.
• B)U.S.real GDP will fall.
• C)inflation will occur domestically.
• D)U.S.real GDP will rise.

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Definitions:

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