Globalization is an ongoing process because:
A. the globalized AS/AD model will replace the standard AS/AD model, forever changing how economists view the economy.
B. goods inflation has been solved as a problem for the economy, allowing the government to continue to run expansionary policies.
C. government will continue to fail to implement policies that address the structural adjustments necessary to make U.S. firms more competitive.
D. foreign countries, especially China and India, are moving up the value-added chain and competing with more and more goods.
Answer: D
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