ountry A's economy (output and price) in the LONG run? Explain your answers using graphs. (150words)

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter23: The International Trade And Capital Flows
Section: Chapter Questions
Problem 16SCQ: Both the United States and global economies are booming. Will U.S. imports and/or exports increase?
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Due to COVID-19 situations the oil prices fall in international market. Let’s assume that output starts at its natural level.

What happens to country A's economy (output and price) in the LONG run? Explain your answers using graphs. (150words)

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