Other Things Equal, If a Change in the Tastes of American

question 138

Multiple Choice

Other things equal, if a change in the tastes of American consumers causes them to purchase more foreign goods at each level of U.S.GDP, then

• A)unemployment will decrease domestically.
• B)U.S.real GDP will fall.
• C)inflation will occur domestically.
• D)U.S.real GDP will rise.

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Definitions:

Endure

To suffer something painful or difficult patiently over a period of time.

Free Refill

A policy or offer wherein customers can refill their beverage containers at no extra cost.

Willing

The state of being prepared or inclined to do something; exhibiting readiness or voluntary action.

Liking

A preference or positive feeling towards something or someone.