Explain the relationship of positive or negative net exports and aggregate demand.
-How does the usual pattern of American trade over the cycle tend to reduce demand for American products?
Correct Answer:
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Q1: Whats defention of terms:
-exports
Q2: Whats defention of terms:
-imports
Q3: Whats defention of terms:
-net exports
Q4: Whats defention of terms:
-trade deficit
Q5: Whats defention of terms:
-trade surplus
Q7: Explain the relationship of positive or negative
Q8: Describe why the trade deficit rises further
Q9: Describe why the trade deficit rises further
Q10: What are net exports?
A) exports after all
Q11: Holding everything else constant, if exports are
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