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1. Economic data shows housing markets in Canada was very strong since the second quarter of the 2020. Refer the following data about investment in
1. Economic data shows housing markets in Canada was very strong since the second quarter of the 2020. Refer the following data about investment in building construction from Statistics Canada. Why do you think housing market was strong during the mentioned period? How did the observed trend in the housing market change the aggregate demand and GDP? (15 points)
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