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fPart 2 Consider the Great Recession from Dec. 2007-June 2009. During this period, both the exports and the Imports of goods fell, Given that the
\fPart 2 Consider the Great Recession from Dec. 2007-June 2009. During this period, both the exports and the Imports of goods fell, Given that the trade balance on goods rose from around -$70 billion to -$40 billion in that time, the decrease in exports of goods must have been the decrease in Imports of goods, You can assume that the trade balance In services did not change. Part 3 Consider what has happened to net exports since the Great Recession. If the only factor affecting net exports was a change in the value of the dollar relative to other country's currencies, we could conclude that the value of the dollar appreciated
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