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Suppose that Brazil is a major purchaser of Canadian goods and services. Using the AS-AD diagram, show how the GDP of Canada will get affected
Suppose that Brazil is a major purchaser of Canadian goods and services. Using the AS-AD diagram, show how the GDP of Canada will get affected if there is a recession in Brazil so that incomes of Brazilian consumers go down. Label your diagrams properly. In your analysis, indicate how NX and AD will get impacted
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