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Which of the following are true regarding the effect of changes in the overall price level in the US and international trade? Group of answer
Which of the following are true regarding the effect of changes in the overall price level in the US and international trade? Group of answer choices All else equal, a higher price level in the US will result in more US exports and less imports from other nations. All else equal, a lower price level in the US will result in more US exports and less imports from other nations. All else equal, a higher price level in the US will result in less US exports and more imports from other nations. All else equal, a lower price level in the US will result in less US exports and more imports from other nations
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