Assume the Marshall-Lerner Condition Holds

question 70

Multiple Choice

Assume the Marshall-Lerner condition holds.Which of the following will cause a reduction in net exports?

• A)a reduction in government spending
• B)a reduction in investment
• C)an increase in foreign output
• D)an increase in the real exchange rate
• E) all of the above

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Definitions:

Traditional Norms

Conventional rules and values that govern behaviors and practices within a society or group, typically passed down from one generation to the next.

Strain

In sociology, a term referring to the pressure that people feel when they are exposed to social structures that impede the attainment of culturally approved goals.

Social Movement

A collective effort by a large group of people to bring about or resist social change.

Charismatic Leadership

A leadership style characterized by an individual's ability to inspire and motivate followers through their personal charm and persuasiveness.