During the 1990s,a Financial Crisis Spread Throughout Asia Causing Those

question 58

Multiple Choice

During the 1990s,a financial crisis spread throughout Asia causing those economies to drop into recessions.Other things constant,how would such a decrease in the income of foreign trading partners have influenced the price level and output of the United States?

• A)Both real output and the price level would have fallen.
• B)Both real output and the price level would have risen.
• C)Real output would have fallen,and the price level would have risen.
• D)Real output would have risen,and the price level would have fallen.