Scenario #2: The US and Canada are major trading partners in goods, services and resources. Starting from long-run equilibrium, graphically illustrate and explain what happens to the price level, RGDP and the unemployment rate in the US if there is a decrease in the value of the US dollar relative to the Canadian dollar. Follow-up: Based on the outcomes (conclusions) that you derived from the US-Canada scenario, we would can presume that a weak dollar increases the trade deficit. O True O False