The "Yes - Markets Self-Adjust" Camp Argues That After a Negative

Multiple Choice

The "Yes - Markets Self-Adjust" camp argues that after a negative supply shock, the price level in Canada

A) rises, decreasing Canadian spending on imports.
B) falls, increasing R.O.W. spending on Canadian exports.
C) falls, increasing Canadian spending on imports.
D) rises, decreasing R.O.W. spending on Canadian exports.
E) falls, decreasing Canadian spending on imports.