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doggerfresh doggerfresh
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Agraria specializes in the production of cotton. However, cotton manufacturers in Agraria are expecting the demand for its exports to fall sharply because of growing competition from a neighboring country. Assuming all else equal, which of the following is likely to happen in this case?

▸ The equilibrium real wage in Agraria will rise.

▸ The equilibrium unemployment in Agraria will fall.

▸ Investment expenditure in Agraria will rise.

▸ Consumption expenditure in Agraria will fall.
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Macroeconomics


Edition: 3rd
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crazyali16crazyali16
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Consumption expenditure in Agraria will fall.

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