A) 3.
B) -3.
C) 1/3.
D) -1/3.
E) 9.
B) -3.
C) 1/3.
D) -1/3.
E) 9.
According to the net exports effect, as the price level falls relative to the rest of the world,
a. foreigners buy fewer goods.
b. foreigners buy more U.S. goods.
c. the aggregate demand curve shifts to the left.
d. the aggregate demand curve shifts to the right.
e. the supply of U.S.-made goods increases.
b
Economics
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