U.S. import spending is not affected by U.S. real income but is influenced by the economic activity ...

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U.S. import spending is not affected by U.S. real income but is influenced by the economic activity ...

U.S. import spending is not affected by U.S. real income but is influenced by the economic activity of its major trading partners and the exchange rate, hence import spending is taken as autonomous.

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Economics for Managers

Edition: 3^rd

Author: Farnham

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