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How does each of the following changes affect the real gross domestic product and price level of an open economy in the short-run.Explain each. 1.

How does each of the following changes affect the real gross domestic product and price level of an open economy in the short-run.Explain each.

1.

A.The government increases licensing fees required by businesses that create pollution.

B.Consumers begin to fear a recession will happen soon.

C.The government doubles its national defense budget.

D.An increase in the price of crude oil, an important natural resource.

E.The country's currency increase in value on the foreign exchange market.

F.A technological change that increases the productivity of labor.

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