"The Global Financial Crisis Has Had a Considerable Impact on China's

question 189

Multiple Choice

"The global financial crisis has had a considerable impact on China's export growth, which will continue to show weakness with recession in the U.S. and Europe," said a report by JP Morgan & Co. www.money.cnn.com, 11/11/2008
If Chinese exports continue to decline, the AE curve will shift ________, the price level will ________ in the short run and real GDP will ________ in the short run.

• A) upward; decrease; decrease
• B) downward; decrease; decrease
• C) upward; decrease; not change
• D) downward; decrease; not change

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