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Business, 05.12.2019 05:31 marieroberts7148

What happens in the short run when people in a country purchase more imported goods and few domestic goods? a) the trade balance will be unaffected and the equilibrium income will decrease b) the trade balance moves toward a surplus and the equilibrium income will decrease. c) the trade balance moves toward a deficit and the equilibrium income will decrease. d) the trade balance moves toward a deficit and the equilibrium income will increase.

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