Suppose the Rest of the World Experiences an Expansion That

question 47

Multiple Choice

Suppose the rest of the world experiences an expansion that causes an increase in foreign income (Y*) .From the domestic economy's perspective,this increase in foreign income will cause which of the following as the domestic economy adjusts to the rise in Y*?

• A)an increase in domestic income
• B)an increase in imports
• C)an increase in net exports
• D)all of the above
• E) both A and C

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Definitions:

Laughing Gull Chicks

Young birds of the species Leucophaeus atricilla, known as the laughing gull, characterized by their distinctive calls that resemble laughter.

Pecking Efficiency

A measure often used in aviculture or poultry science to assess the effectiveness with which birds use their beaks to obtain feed.

Endocrine System

A network of glands in the body that secrete hormones directly into the circulatory system, regulating various bodily functions.

Communication Methods

The various ways in which individuals exchange information, including verbal, non-verbal, and digital means.