Other things being equal an economic expansion in the us


Other things being equal, an economic expansion in the U.S. will

a. balance out world trade.

b. have no effect on the trade deficit.

c. lead to a trade deficit because people desire more imports as their incomes rise.

d. lead to a trade surplus because more people desire more imports as their incomes rise.

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Business Economics: Other things being equal an economic expansion in the us
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