Explain how the U.S. price level and real GDP will change in the short run. Suppose that

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Explain how the U.S. price level and real GDP will change in the short run.


Suppose that the U.S. economy is at full employment when strong economic growth in Asia increases the demand for U.S.-produced goods and services.

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Foundations of Macroeconomics

ISBN: 978-0134492001

8th edition

Authors: Robin Bade, Michael Parkin

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