Canadian Firms Build New Pipelines Across the Nation

question 28

Multiple Choice

Canadian firms build new pipelines across the nation. What is the effect on the quantity of real GDP demanded or aggregate demand in Canada?

• A)The quantity of Canadian real GDP demanded increases.
• B)The quantity of Canadian real GDP demanded decreases.
• C)Canadian aggregate demand increases.
• D)Canadian aggregate demand decreases.
• E)There is no change to either the quantity of real GDP demanded or to aggregate demand.

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Definitions:

Product Market

The realm where goods and services produced by businesses are bought and sold, influenced by supply, demand, and competition.

Labor Relations

Refers to the dynamic and governance of the workforce, including the negotiation, implementation, and enforcement of work agreements.

Utilitarianism

An ethical theory that proposes actions are right if they are useful or beneficial for the majority.

Libertarianism

A political philosophy that advocates for minimal government intervention in the lives of citizens, emphasizing individual liberty, free-market capitalism, and the rule of law.