How does the level of imports change over the business cycle?
A) Imports tend to fall during expansions and rise during contractions.
B) Imports tend to rise during expansions and fall during contractions.
C) Remain fairly constant over the business cycle.
D) Imports tend to fall during expansions and remain flat during a contraction.
Correct Answer:
Verified
Q1: The United States is a "debtor nation."
Q2: For the past 30 years or so,
Q4: A U.S. trade deficit means that
A) more
Q5: The main determinant of U.S .exports
A) is
Q6: A U.S. trade surplus means that
A) more
Q7: A U.S. trade surplus means that
A) American
Q8: A U.S. trade deficit means that
A) American
Q9: What happens to the demand and price
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents