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Suppose that Brazil is a major purchaser of Canadian goods and services. Using the AS-AD diagram (2 diagrams, one for each scenario), show how the

Suppose that Brazil is a major purchaser of Canadian goods and services. Using the AS-AD diagram (2 diagrams, one for each scenario), show how the GDP of Canada will get affected if:

1) There is a recession in Brazil so that income of Brazilian consumers fall

2) The exchange rate of the CAD $ to the Brazilian currency changes so that the CAD$ becomes weaker

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