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1. Suppose US consumption rises but government spending and investment do not change. a. What will happen to the US trade balance? Explain using an

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1. Suppose US consumption rises but government spending and investment do not change. a. What will happen to the US trade balance? Explain using an equation. b. Now suppose that C, I, and G don't change but because of the pandemic there is a big decrease in consumption of services like restaurant meals and hotel rooms and a big increase in purchases of clothing and consumer electronics. What will happen to the US trade balance

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