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22 (1 point) If the Bank of Canada increases the monetary base by $60 billion through open- market operations: GDP will increase by $60 billion.

22 (1 point) If the Bank of Canada increases the monetary base by $60 billion through open- market operations: GDP will increase by $60 billion. the price level will increase by $60 billion. the Canadian government debt held by the public will fall by $60 billion. government spending will increase by $60 billion

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