Question: (TFU) State whether the statements listed below are true, false, or uncertain and explain why. 1. The news that the price of oil may increase

(TFU) State whether the statements listed below are true, false, or uncertain and explain why. 1. The news that the price of oil may increase next year is likely to cause the trade balance to deteriorate in Qatar and improve in Japan this year. 2. An increase in the interest rate has an ambiguous effect on current consumption because the substitution and wealth effects tend to offset each other

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