Explain what will happen to the aggregate demand curve and real GDP in each of the following cases.
Definitions:
Exchange Rate
The Exchange Rate is the price at which one currency can be exchanged for another, affecting international trade and investments.
Inflation Rate
The speed at which the overall price levels for products and services increase, leading to a decrease in buying power.
Indirect Exchange Rate
An exchange rate quoted as the foreign currency per unit of the domestic currency, which is the reciprocal of the more common direct exchange rate format.
Canadian Dollar
The currency of Canada, represented by the symbol CAD in the foreign exchange market.
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