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If the demand for net exports rises,which of the following happens in the open-economy macroeconomic model?
Total Cost Schedule
A detailed list that shows the total cost incurred at various levels of output or production.
Total Variable Cost
The sum of all costs that vary with the output level in the production of goods or services.
Total Fixed Cost
The cumulative total of all costs that do not alter in response to the quantity of production or output.
Average Variable Cost
The cost of each unit variable, determined by dividing the overall variable costs by the produced output quantity.
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