Use graphical analysis to show how each of the following would affect the economy first in the
Question:
a. Because of a war abroad, the oil supply to the United States is disrupted, sending oil prices rocketing upward.
b. Construction spending on new homes rises dramatically, greatly increasing total U.S. investment spending.
c. Economic recession occurs abroad, significantly reducing foreign purchases of U.S. exports.
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Related Book For
Economics
ISBN: 978-0073375694
18th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
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