An Increase in the U

question 82

Multiple Choice

An increase in the U.S.price level,other things constant,will _____.

• A)increase U.S.exports and decrease U.S.imports
• B)increase U.S.exports and leave U.S.imports unchanged
• C)decrease U.S.exports and increase U.S.imports
• D)decrease U.S.exports and leave U.S.imports unchanged
• E)leave both U.S.exports and U.S.imports unchanged

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Definitions:

Income Tax

A tax levied by governments on individuals' or entities' income, which varies with the taxable income or profits of the taxpayer.

Confederate Military Supplies

Resources and equipment provided to or produced by the Confederate States of America during the Civil War to support its military forces.

Blockade Runners

Ships used during the American Civil War to evade naval blockades by the Union and smuggle goods, such as arms and supplies, to the Confederacy.

Small Arms

Light, personal weapons such as handguns, rifles, and shotguns used by individuals or small groups.