The World Goes into an Expansion. This Event

question 92

Multiple Choice

The world goes into an expansion. This event

• A)decreases Canada's aggregate demand and decreases Canada's short-run aggregate supply.
• B)increases Canada's short-run aggregate supply.
• C)decreases Canada's aggregate demand.
• D)increases Canada's aggregate demand.
• E)increases Canada's long-run aggregate supply.

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Definitions:

Entrepreneur

An individual who initiates and operates a new business venture, taking on financial risks in the hope of profit.

Government Effectiveness

A measure of the quality of public services, the civil service and its independence from political pressures, the quality of policy formulation, and the credibility of the government's commitment to its policies.

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, including water, minerals, forests, and fish.

Underemployment

The condition in which people in a labor force are employed at less than full-time or regular jobs or at jobs inadequate with respect to their training or economic needs.