The Long-Run Effect of a Decline in Exports Is

question 168

Multiple Choice

The long-run effect of a decline in exports is

• A)an ambiguous change in net exports and a decline in both investment and consumption.
• B)for there to be no change in any of the aggregate expenditure categories.
• C)for net exports to decline, with no change in investment or consumption.
• D)an ambiguous change in net exports and an increase in both consumption and investment.
• E)an increase in net exports, consumption, and investment.

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Definitions:

Prefrontal Cortex

The prefrontal cortex is a part of the brain located at the front of the frontal lobe, important in complex behaviors such as decision making, executive functions, and moderating social behaviour.

Temporal Lobe

A region of the brain responsible for processing auditory information and is involved in memory and emotion.

Method of Loci

A mnemonic technique that involves associating items to be remembered with specific physical locations.

Shopping Mall

A large retail complex containing a variety of stores and often restaurants, providing a wide range of goods and services under one roof.