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Suppose the Canadian Price Level Rises Relative to Price Levels

Question 21

Multiple Choice

Suppose the Canadian price level rises relative to price levels in other countries.How would Canada's consumption and exports be affected?  


A)  Consumption and net exports would decline. 
B)  Consumption and net exports would increase. 
C)  Consumption would increase and net exports would decrease. 
D)  Consumption would decrease and net exports would increase.

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