The Foreign Trade Effect Suggests That a Decrease in the Canadian

question 68

Multiple Choice

The foreign trade effect suggests that a decrease in the Canadian price level relative to other countries will:

• A)shift the aggregate demand curve leftward.
• B)shift the aggregate supply curve leftward.
• C)decrease Canadian exports and increase Canadian imports.
• D)increase Canadian exports and decrease Canadian imports.

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Definitions:

Draws Arms

Refers to the action of pulling one's arms towards the body or towards another object or person.

Months

Periods of time in the calendar year, each typically lasting about 30 to 31 days.

Vocalizes

The act of producing sound or speech, often used in the context of how organisms, including humans, express themselves audibly.

Cools, Babbles

An expression indicating the early stages of an infant's vocal development characterized by making cooling and babbling sounds.