Other things being equal-an economic expansion

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Reference no: EM13984454

Other things being equal, an economic expansion in the U.S. will

a. balance out world trade.

b. have no effect on the trade deficit.

c. lead to a trade deficit because people desire more imports as their incomes rise.

d. lead to a trade surplus because more people desire more imports as their incomes rise.

Reference no: EM13984454

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