Explain and draw a graph to illustrate the effect of an increase in exports on equilibrium real

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Explain and draw a graph to illustrate the effect of an increase in exports on equilibrium real GDP in the long run.

Statistics Canada reported that in the second quarter of 2017 Canadian exports increased by $14 billion.

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Macroeconomics

ISBN: 978-0134853307

10th Edition

Authors: Michael Parkin

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Question Posted: Feb 26, 2024 04:00 AM

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Explain and draw a graph to illustrate the effect of an increase in exports on equilibrium real

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The increase in exports affects a countrys economy by influencing the aggregate demand AD When exports increase it implies that foreign demand for a countrys goods and services has risen This in turn ...View the full answer

Macroeconomics

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