For the economy of Alberta, a major oil exporter, an increase in the world price of oil would be considered

Name: For the economy of Alberta, a major oil exporter, an increase in the world price of oil would be considered
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Question

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An increase in the world price of oil would lead to an increase in demand for oil exports from Alberta, and therefore a positive demand shock. This would boost the economy of Alberta as it would generate more revenue from oil exports.

For the Economy of Alberta, a Major Oil Exporter, an Increase