Suppose the Canadian Price Level Increases

question 81

Multiple Choice

Suppose the Canadian price level increases.What happens to the aggregate quantity of Canadian output demanded?  

• A) It decreases because Canadian products become cheaper relative to foreign products. 
• B) It decreases because Canadian products become more expensive relative to foreign products. 
• C) It increases because Canadian products become cheaper relative to foreign products. 
• D) It increases because Canadian products become more expensive relative to foreign products.

---

Definitions:

Dividends Declared

Profit distributed to shareholders that the company's board of directors has committed to pay out.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities; often referred to as stockholders' equity or owners' equity.

Owners

Individuals or entities that hold ownership in a company, possessing rights to its assets and profits.

Total Assets

The sum of all owned resources with economic value that are expected to provide future benefits to a business.