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I need help with this question. Explain the effects of each of the following factors on the economy's price level and real GDP. Illustrate your
I need help with this question.
Explain the effects of each of the following factors on the economy's price level and real GDP. Illustrate your explanations with appropriate diagrams.
a. A rise in the value of the domestic currency relative to other world currencies
b. An increase in the real interest rate
c. A decrease in taxes
d. A rise in incomes of Canadians
e. An increase in the investment in technology
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