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Using the Macroeconomic Model Studied, Analyze the Impact of the Following

Question 66

Essay

Using the macroeconomic model studied, analyze the impact of the following events on the Canadian economy:
a. a voluntary export restraint (VER) by Japanese car producers
b. an export subsidy by Canadian government for Canadian lumber producers
c. an increase in U.S. GDP

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a. This trade barrier is similar to an i...

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