As the US Price Level Rises Relative to Price Levels in Other

question 204

Multiple Choice

As the U.S. price level rises relative to price levels in other countries, what would happen in the U.S.?

• A) consumption and net exports would decline
• B) consumption and net exports would increase
• C) consumption would increase and net exports would decrease
• D) consumption would decrease and net exports would increase
• E) consumption and net exports would remain constant

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Definitions:

Highly Discrepant

Referring to something that significantly differs or deviates from the norm or from expectations.

Status Quo

The existing state of affairs or current condition.

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A personality trait characterized by a willingness to try new things, being imaginative, and appreciating art and beauty.

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Leaders who inspire and motivate followers through their personal magnetism, communication skills, and compelling vision.