What Would Happen to Canadian Net Exports and Aggregate Demand

question 231

Multiple Choice

What would happen to Canadian net exports and aggregate demand if countries that imported from Canada went into recession?

• A) Net exports would rise, and aggregate demand would shift right.
• B) Net exports would rise, and aggregate demand would shift left.
• C) Net exports would fall, and aggregate demand would shift right.
• D) Net exports would fall, and aggregate demand would shift left.

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Definitions:

Sales Tax

A tax paid to a governing body for the sales of certain goods and services.

Closing Fees

Charges and costs associated with the finalization of a real estate transaction or the closing of a loan.

Itemize Deductions

The process of listing allowable expenses that can be subtracted from adjusted gross income to reduce taxable income.

Property Taxes

Taxes paid by property owners, based on the assessed value of their property, to fund local public services.