What would be the effect on real GDP and total employment of each of the following changes?
Question:
What would be the effect on real GDP and total employment of each of the following changes?
a. As a result of restrictions on imports into the United States, net exports (NX) increase.
b. The federal government launches a new program to improve highways, bridges, and airports.
c. Banks are offering such high interest rates that consumers decide to save a larger proportion of their incomes.
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Related Book For
Macroeconomics Principles and Applications
ISBN: 978-1111822354
6th edition
Authors: Robert E. Hall, Marc Lieberman
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