According to the net exports effect, as the price level falls relative to the rest of the world, Group of answer choices foreigners buy fewer goods. foreigners buy more U.S. goods. the aggregate demand curve shifts to the left. the aggregate demand curve shifts to the right
According to the net exports effect, as the price level falls relative to the rest of the world, Group of answer choices foreigners buy fewer goods. foreigners buy more U.S. goods. the aggregate demand curve shifts to the left. the aggregate demand curve shifts to the right
Chapter8: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 14QP
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According to the net exports effect, as the price level falls relative to the rest of the world,
Group of answer choices
foreigners buy fewer goods.
foreigners buy more U.S. goods.
the aggregate demand curve shifts to the left.
the aggregate demand curve shifts to the right.
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