If Net Exports Are Reduced, the Expenditure Schedule Will Shift

question 63

Multiple Choice

If net exports are reduced, the expenditure schedule will shift

• A)downward and equilibrium real GDP will rise.
• B)upward and equilibrium real GDP will rise.
• C)downward and equilibrium real GDP will fall.
• D)upward and equilibrium real GDP will fall.

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Definitions:

Negative Bargaining Range

Situations in negotiations where the minimum acceptable outcome for one party is less favorable than the maximum offer by the other party.

Positive Settlement Range

A range in negotiation where the terms agreed upon are acceptable to all parties involved, often leading to a mutually beneficial outcome.

Bargaining Range

The spectrum of possible agreements in a negotiation, bounded by the respective parties’ resistance points.

Calculated Incompetence

Calculated incompetence is the deliberate act of pretending or claiming to be less capable or knowledgeable than one truly is, often to avoid responsibility or work.