Explain and draw a graph to illustrate the effect of an increase in exports on equilibrium real

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Explain and draw a graph to illustrate the effect of an increase in exports on equilibrium real GDP in the short run.

Statistics Canada reported that in the second quarter of 2017 Canadian exports increased by $14 billion.

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Macroeconomics

ISBN: 978-0134853307

10th Edition

Authors: Michael Parkin

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Question Posted: Feb 26, 2024 04:00 AM

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Explain and draw a graph to illustrate the effect of an increase in exports on equilibrium real

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Effect of Increasing Exports on ShortRun Equilibrium Real GDP Explanation An increase in exports acts as an injection into the aggregate demand AD cur...View the full answer

Macroeconomics

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