Economic expansions in Europe and China would cause a. the U.S. price level to fall and real GDP to rise. b. the U.S. price level to rise and real GDP to fall. c. the U.S. price level and real GDP to fall. d. the U.S. price level and real GDP to rise.

Question

Economic expansions in Europe and China would cause a. the U.S. price level to fall and real GDP to rise. b. the U.S. price level to rise and real GDP to fall. c. the U.S. price level and real GDP to fall. d. the U.S. price level and real GDP to rise.

Accepted Answer

Answer:d. the U.S. price level and real GDP to rise.Explanation:Economic expansion refer to the expansion that has rise in the economic activity and goods availability. In this period, the real GDP is also increasedSo as per the given situation since there is an economic expansion in Europe and the China so here the level price of the united states and read GDP would risedtherefore the option d is correct...

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Economic expansions in Europe and China would cause a. the U.S. price level to fall and real GDP to rise. b. the U.S. price level to rise and real GDP to fall. c. the U.S. price level and real GDP to fall. d. the U.S. price level and real GDP to rise.

Economic expansions in Europe and China would cause a. the U.S. price level to fall and real GDP to rise. b. the U.S. price level to rise and real GDP to fall. c. the U.S. price level and real GDP to fall. d. the U.S. price level and real GDP to rise.