Which of the Following Macroeconomic Variables in Canada Do NOT

question 48

Multiple Choice

Which of the following macroeconomic variables in Canada do NOT display a significant long-run trend over recent decades?

• A)nominal GDP
• B)the labour force
• C)the real interest rate
• D)the value of Canada's exports
• E)the price level

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Definitions:

Defective Product

is a product that fails to meet safety standards or does not operate as advertised, potentially causing harm to consumers.

Purchased

Acquired by paying money or its equivalent; bought.

Strict Liability

A legal principle where someone is held responsible for damages or loss, regardless of fault or intention, often applied in product liability cases.

Reasonable Standard

A benchmark in law and ethics for what is considered acceptable behavior, judged from the perspective of a reasonable person.