Question

17) The U.S. is currently in a trade war with

“ “which could
cause an “ “
in price level for domestic consumer goods. *

Answer 1

Answer: The trade war caused economic pain on both sides and led to diversion of trade flows away from both China and the United States. ... A September 2019 study by Moody's Analytics found that the trade war had already cost the U.S. economy nearly 300,000 jobs and an estimated 0.3% of real GDP.

Step-by-step explanation: