Question: For the U.S., under normal conditions, (X - M) is negative. O True O False D Question 2 1 pts 1 pts Assume in

For the U.S., under normal conditions, (X - M) is negative. O

For the U.S., under normal conditions, (X - M) is negative. O True O False D Question 2 1 pts 1 pts Assume in Economy Y there is a decrease in the M1 measure of money and a decrease in velocity. According to the equation of exchange, which of the following is correct? O The price level will increase. O Economy Y will have a recession. O Nominal GDP will decrease. O Real GDP will increase.

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