Economics according to Chapter one of Macroeconomics (2010), is the study of how human organize needs and wishes, particular the decision-making mechanisms, social way of life, and political realities of the world (Colander, 2010). Macroeconomics is the study of the economy. It reflects on the issues of inflation, unemployment, business cycles, and growth (Colander, 2010).
What happens where there is a surplus of imports brought into the U.S.?
If there is a surplus of imports brought into
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