Question 112 pts Scenario 4-1 In a given year, country A exported $12 million wo

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Question 112 pts

Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.

According to Scenario 4-1, country B is running a:

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Question 122 pts

Consider the following statement: "If the government attempts to raise employment through increased fiscal spending, all it will end up doing is increasing the price level." The statement rests on the assumption that:

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Question 132 pts

As the level of real GDP increases, the short-run aggregate supply curve:

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Question 142 pts

A decrease in the price level will result in:

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Question 152 pts

A simultaneous increase in inflation and decrease in economic growth in a country can be associated with:

Explanation / Answer

Question 112pts,scenario 4-1: trade deficit with country A and trade surplus with country C .when it imports from country A is worth $12m and exports to that country is only worth $4m then it's deficit is worth $8m. From country C it imports is worth $2m but exports worth $7m so it has surplus of worth $5.

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