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At an endogenous price level, what is the effect of a negative export shock on national income in the short-run?

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At an endogenous price level, what is the effect of a negative export shock on national income in the short-run?
Answered Same Day Dec 22, 2021

Solution

David answered on Dec 22 2021
124 Votes
At an endogenous price level, what is the effect of a negative export shock on national income in
the short-run?
Answer:
Net export is an important component of aggregate demand in the economy. So a negative export
shock would cause aggregate demand to fall in the economy. As represented in...
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