Question: Demonstrate graphically how the following are represented in the globalized AS/AD model for the United States. What happens to the trade deficit in each? a.

Demonstrate graphically how the following are represented in the globalized AS/AD model for the United States. What happens to the trade deficit in each?

a. Foreign wages rise.

b. U.S. productivity rises.

c. The value of the dollar rises.

d. The U.S. imposes tariffs on imported goods.

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