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Suppose that bank of Canada policy leads to higher interest rates in Canada. How will this policy affect real GDP in the short run if

Suppose that bank of Canada policy leads to higher interest rates in Canada. How will this policy affect real GDP in the short run if Canada is an open economy? (Fill in the blanks below with options in brackets)

If Canada is an open economy, real GDP will ______(increase, decrease or stay the same) by ________(more than in a closed economy, the same amount as in a closed economy, less than in a closed economy)

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