(Solution) If Imports To The United States Increased, What Would Most Likely Happen To Price Level And Real Gross Domestic Product? | Snapessays.com


(Solution) If imports to the United States increased, what would most likely happen to price level and real gross domestic product?


If imports to the United States increased, what would most likely happen to price level and real gross domestic product?

 

-If workers are more educated, then short-run aggregate supply will

 

 

increase and output and price level will increase as well.

 

 

decrease and output and price level will decrease as well.

 

 

increase and output will increase but price level will decrease.

 

 

increase and output will decrease but price level will increase.

 

 

decrease and output will decrease but price level will increase.

 

 

-Assume a nation’s economy is operating above full employment. If business taxes increase, how will output, employment, and price level likely change?

 

 

-When investment spending increases in the vertical range of SRAS, then the price level will

 

 

increase and output will decrease.

 

 

increase and output will increase.

 

 

decrease and output will decrease.

 

 

increase and output will remain virtually the same.

 


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This question was answered on: May 23, 2022

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