Assuming the economy is operating below its potential output, what is the impact of an increase in
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Assuming the economy is operating below its potential output, what is the impact of an increase in net exports on real GDP? Why is it difficult, if not impossible, for a country to boost its net exports by increasing its tariffs during a global recession?
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Impact of an Increase in Net Exports on Real GDP An increase in net exports can have a significant impact on real GDP especially when the economy is o...View the full answer
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Related Book For 
Macroeconomics
ISBN: 9780077337728
19th Edition
Authors: Campbell Mcconnell, Stanley Brue, Sean Flynn, Flynn Mcconnell Brue
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