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Using the Macroeconomic Model Studied, Analyze the Impact of the Following

question 66

Essay

Using the macroeconomic model studied, analyze the impact of the following events on the Canadian economy:
a. a voluntary export restraint (VER) by Japanese car producers
b. an export subsidy by Canadian government for Canadian lumber producers
c. an increase in U.S. GDP


Definitions:

Pluton

A body of intrusive igneous rock that crystallized from magma cooling below the Earth's surface; can range in size from small to massive.

Terranes

Pieces of the Earth's crust that have distinct geological histories and have been merged onto a continent along a plate boundary.

Accretionary Prism

A wedge-shaped mass of sediment and rock scraped off the top of a downgoing tectonic plate at a convergent plate boundary.

Displaced Granitic Rocks

Granitic rocks that have been moved from their original position by geological forces, often resulting in altered landscapes.

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