Canada's Exports to the European Union Boom

question 64

Multiple Choice

Canada's exports to the European Union boom.What is the effect on the quantity of real GDP demanded or aggregate demand in Canada?

• A)The quantity of Canadian real GDP demanded increases.
• B)The quantity of Canadian real GDP demanded decreases.
• C)Canadian aggregate demand increases.
• D)Canadian aggregate demand decreases.
• E)There is no change to either the quantity of Canadian real GDP demanded or to Canadian aggregate demand.

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Definitions:

Perpendicular

Describes two lines, planes, or surfaces meeting at a right angle (90 degrees).

Horizontal Line

A straight line with no slope, moving left to right parallel to the x-axis in Cartesian coordinates.

Slope-intercept Form

A way of writing linear equations using the formula \(y = mx + b\), where \(m\) is the slope of the line and \(b\) is the y-intercept.

Slope

The calculation of how steep or inclined a line is, determined by the ratio of its vertical shift to its horizontal shift between any two points on the line.