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In April and May of 2022, the world price of oil increased in price significantly. The province of Alberta is a significant oil producer. Discuss
- In April and May of 2022, the world price of oil increased in price significantly. The province of Alberta is a significant oil producer. Discuss this development regarding the economic factors below. (10 Marks)
Determine the effects of this change on Canada's (All question parts worth 2 Marks):
- GDP
- Unemployment rate.
- Long-run Supply of oil and gas
- Short-run Demand for oil and gas
- Inflation
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
