Describe why the trade deficit rises further in economic expansions but declines in ?contractions.
-How does the high price of raw materials in an expansion hurt the American economy?
Correct Answer:
Verified
Q4: Whats defention of terms:
-trade deficit
Q5: Whats defention of terms:
-trade surplus
Q6: Explain the relationship of positive or negative
Q7: Explain the relationship of positive or negative
Q8: Describe why the trade deficit rises further
Q10: What are net exports?
A) exports after all
Q11: Holding everything else constant, if exports are
Q12: For the past 30 years or so,
Q13: How does the level of imports change
Q14: A US trade deficit means that
A) more
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