When the American economy experiences inflation, it is typical for the price of __________ A. exports and...
When the American economy experiences inflation, it is typical for the price of __________
A. exports and imports to remain what they
were
B. exports and imports to rise or fall
together
C. exports to fall and imports to rise
D. exports to rise and imports to fall
Homework Answers
Ans: C) exports to fall and imports to rise.
Explanation:
When the American economy experiences inflation, it is typical for the price of exports to fall and imports to rise.
During inflation the price level is high which leads fall in exports of the country in the world market. And the government starts to import goods from other country with a low price.
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