Explain Three Shocks That the Canadian Economy Experienced During the Great

question 33

Essay

Explain three shocks that the Canadian economy experienced during the Great Recession,and how these shocks affect the IS curve,the MP curve,and the Phillips curve.

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Definitions:

Brand Awareness

The extent to which consumers are familiar with the distinctive qualities or image of a particular brand of goods or services.

Apparel Company

A business entity that designs, manufactures, or sells clothing and accessories.

Pull Marketing

Marketing efforts designed to cultivate customer desires and expectations so the customer will demand more product, effectively pulling the product through the production and distribution process

Product Excitement

The enthusiasm and interest generated among consumers for a new or improved product, often through marketing and promotional activities.