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If an economy initially has no output gap and then reduces tariffs against the imports of its trading partners,the lower tariffs will cause net exports to ________,planned aggregate expenditure to ________,and a(n) ________ gap to develop.
Sales Forecast
An estimate of the amount of products or services a company expects to sell in a future period, which is crucial for budgeting and planning purposes.
Net Operating Income
The profit a company makes from its regular business operations, excluding expenses and revenue from non-operational activities.
Price Hike
A general increase in the cost of goods and services, often due to inflation or increased production costs.
Unit Sales
The total units of a product that a company sells in a particular period.
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