Why is it true that when the prices of a country's imports increase, the prices of domestic goods may increase in response? Provide two explanations.
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Q30: Q44: Define the price feedback effect. Graphically illustrate Q45: Answer the questions below using the following Q46: Why is it that a sustained increase Q47: Explain why there must be a surplus Q48: Why is it in the best interest Q50: How is it possible for an increase Q52: Calculate the open-economy multiplier where the MPC Q54: What are a country's export prices generally Q234: Explain the trade feedback effect.
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