9. Suppose that the world interest rate rises. What happens to the position of the aggregate-demand curve
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9. Suppose that the world interest rate rises. What happens to the position of the aggregate-demand curve in Canada? Assume that the Bank of Canada allows the exchange rate to be flexible. How does your answer change if you assume that the Bank of Canada maintains a fixed exchange rate? Illustrate your answer with diagrams.
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Related Book For 
Principles Of Macroeconomics
ISBN: 9780176591977
7th Canadian Edition
Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie
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