A depreciation of Canadian dollar relative to the currencies of Canadas major trading partners will

a) Lead to a decrease in the Canadian Trade Balance in the short-run and an increase in the Canadian Trade Balance in the long run

b) Lead to an increase in the Canadian Trade Balance in the short-run and a decrease in the Canadian Trade Balance in the long run

c) Lead to a decrease in the Canadian Trade Balance both in the short-run and in the long run

d) Lead to an increase in the Canadian Trade Balance both in the short-run and in the long run

e) Have no effect on the Canadian Trade Balance since it must be equal to zero in the equilibrium