During the COVID-19 pandemic Canadian exports to our major trading partner, the U.S.A. plummeted. Which of the above diagrams best portrays the effects of sthat on the Canadian economy?
During the COVID-19 pandemic Canadian exports to our major trading partner, the U.S.A. plummeted. Which of the above diagrams best portrays the effects of sthat on the Canadian economy?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:the
AD₂
AD₁
Real domestic output Real domestic output
(C)
(D)
Multiple Choice
O
During the COVID-19 pandemic Canadian exports to our major trading partner, the U.S.A. plummeted. Which of the above diagrams best portrays the effects
of sthat on the Canadian economy?
O
O
O
O
A
B
#₂
AD₂
both B and D are correct.
C
AD₁
D
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Transcribed Image Text:AS2
AS₁
AS₁
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AD
AD
0
0
Real domestic output Real domestic output
(A)
(B)
AS
IX IX
Price level
0
Real domestic output
(C)
Multiple Choice
During the COVID-19 pandemic Canadian exports to our major trading partner, the U.S.A. plummeted. Which of the above diagrams best portrays the effects
of sthat on the Canadian economy?
O
O
A
Price level
B
Real domestic output
(D)
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