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:

Job Loss

The instance of losing one's employment, often due to layoffs, company closure, or termination.

Verbal Promise

An agreement or commitment made orally rather than in written form; its enforceability varies depending on the nature of the agreement and the context under law.

Executor

A person or institution appointed by a testator to carry out the terms of their will.

Charitable Tax Relief

Financial deductions available to taxpayers who make contributions to legally recognized nonprofit organizations.