The graph below plots the U.S. trade balance in services (red line) and goods (green line) from 1990-2020. Refer to the graph when answering the questions that follow. FRED - Trade Balance: Services, Balance of Payments Basis Trade Balance: Goods, Balance of Payments Basis 40.000 20,000 Millions of Dollars -20.000 40,000 -60,000 -80,000 1995 2000 2005 2010 2015 Shaded areas indicate U.5. recessions Source: U.S. Bureau of Economic Analysis myf.red/g/qcvvPart 1 (2 points) See Hint We can tell from the figure that from 1990-2020 the United States has run a trade a) , and net exports have been b) Part 2 (1 point) See Hint 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 (1 point) See Hint 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