Multiple Choice
Which of the following could explain the change in aggregate demand from AD1 to AD2?
A) The relative price level of Canadian goods rose faster than that of American goods.
B) The inflation rate in Canada decreased while that in the US increased.
C) Interest rates in Canada decreased while those in the US increased.
D) The US economy went into a recession.
Correct Answer:
Verified
Correct Answer:
Verified
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