Other things being equal, an increase in the U.S. rate of inflation is likely to cause an increase in the:

Name: Other things being equal, an increase in the U.S. rate of inflation is likely to cause an increase in the:
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Question

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An increase in the U.S. rate of inflation makes U.S. goods more expensive relative to foreign goods, leading to an increase in the quantity of U.S. imports as consumers and businesses seek cheaper alternatives abroad.

Other Things Being Equal, an Increase in the U