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

question 443

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 long run and real GDP will ________ in the long run.

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

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Definitions:

Resistance To Change

The unwillingness to accept or adapt to changes within an organizational or personal setting.

External Environment

The conditions, entities, events, and factors outside an organization that influence its activities and choices.

Customer-Friendly

Practices or attributes that make interactions with customers positive, satisfying, and conducive to loyalty.

Direct Costs

Expenses that can be directly attributed to the production of a specific good or service, such as materials and labor.