Business
Business, 28.04.2021 01:00, fordkenae

In the short run, the increase in foreign spending on domestic goods associated with expansion abroad causes the price level to ___ the price level people expected and the quantity of output to ___ the natural level of output. The economic prosperity abroad will cause the unemployment rate to
the natural rate to __ unemployment in the short run.
Again, the following graph shows the economy in long-run equilibrium at the expected price level of 120 and the natural level of output of $600 billion, before the increase in foreign spending on domestic goods associated with expansion abroad.
During the transition from the short run to the long run, price-level expectations will __ and the __ curve will shift to the _

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