In the Short Run,an Increase in Export Sales Would Cause

question 72

Multiple Choice

In the short run,an increase in export sales would cause output to ________ and the price level to ________.

• A)rise; rise
• B)rise; stay constant
• C)fall; stay constant
• D)fall; rise

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Definitions:

Clinton Administration

The executive period of the United States, from 1993 to 2001, under President Bill Clinton.

Free Trade

The concept or policy allowing unrestricted import and export of goods and services between countries without tariffs, quotas, or other restrictions.

Unilateralism

A foreign policy approach where a country acts independently without consulting or seeking the approval of other nations.

Multilateralism

A foreign policy approach that advocates for multiple countries working together on a given issue, emphasizing collective action.