"The global financial crisis has had a considerable impact on China's export growth, which will cont show weakness with recession in the U.S. and Europe," said a report by JP Morgan & Co.
Money.cnn.com, 11/11/20
If Chinese exports continue to decline, the AE curve will shift , the price level will the long run and real GDP will in the long run.

Question

Quizplus · Accepted Answer

A decline in Chinese exports reduces aggregate demand, shifting the AE curve downward. In the long run, the price level decreases, but real GDP remains unchanged due to the economy's self-correcting mechanism.

"The Global Financial Crisis Has Had a Considerable Impact on China's