Answered step by step
Verified Expert Solution
Question
1 Approved Answer
When U.S. businesses established branches in South Africa, in the short run, South Africa's aggregate supply _______. A. didn't change but a higher price level
When U.S. businesses established branches in South Africa, in the short run, South Africa's aggregate supply _______. A. didn't change but a higher price level brought an increase in the quantity of real GDP supplied B. decreased because more of South Africa's workers were employed by U.S. firms C. didn't change, but U.S. aggregate supply increased D. increased
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started