EBK PRINCIPLES OF ECONOMICS
EBK PRINCIPLES OF ECONOMICS
8th Edition
ISBN: 8220103600453
Author: Mankiw
Publisher: CENGAGE L
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Chapter 32.3, Problem 3QQ
To determine

The impact of smaller spending on savings, investment, interest rate, real exchange rate, and the trade balance of the economy.

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If there is an oil shock, what will happen to the market for thick metal tables (they are very heavy)? Group of answer choices P decreases and Q increases. P decreases and Q decreases. P increases and Q decreases. P increases and Q increases.
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