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What Effect Will an Increase in the Canadian Price Level

Question 42

Multiple Choice

What effect will an increase in the Canadian price level have on trade?


A) It will increase the volume of both Canadian exports and imports.
B) It will decrease the volume of both Canadian exports and imports.
C) It will increase the volume of Canadian exports but decrease the volume of imports.
D) It will decrease the volume of Canadian exports but increase the volume of imports.

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