Often times, we view foreign countries as competition, but the truth is, in a global economy, our fates are linked. For example, if the economies in Europe and China were to grow, people in those countries would buy more of our products. The result for the U.S. economy (relative to where the US was prior to Europe's and China's expansion) is that Question 7 options: the U.S. price level and real GDP rise. the U.S. price level and real GDP fall. the U.S. price level rises and real GDP falls. the U.S. price level falls and real GDP rises