If the Price Level Increases in Canada Relative to Foreign

question 10

Multiple Choice

If the price level increases in Canada relative to foreign countries, then Canadian consumers will purchase more foreign goods and fewer Canadian goods.This statement describes:

• A)the output effect.
• B)the foreign trade effect.
• C)the real-balances effect.
• D)the shift-of-spending effect.

---

Definitions:

Social Skills

The abilities used to communicate and interact with others effectively, both verbally and non-verbally, through gestures, body language, and personal appearance.

Depression

A constant state of depression or apathy towards daily tasks signifies this mental illness, leading to considerable difficulties in personal life.

Environmental Stress

The stress experienced by individuals as a result of adverse or challenging environmental conditions.

Deterioration

The process of becoming progressively worse.