When the price level in the United States falls relative to the price level of other countries, imports will fall, exports will rise, and net exports will rise.
The price level is the average of the prices that are currently being charged for all goods and services produced in a given economy. Price level is a more general term that describes the cost or price of a good, service, or security in the economy.
Prices may be expressed in discrete values, such as dollar amounts, or in small ranges, such as ticks with the prices of securities.
Price levels are a crucial indicator in economics and are closely monitored by economists. Both the sale of goods and services as well as consumer purchasing power are significantly influenced by them. Additionally, it is crucial to the supply-demand chain.
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