Explain three shocks that the Canadian economy experienced during the Great Recession,and how these shocks affect the IS curve,the MP curve,and the Phillips curve.
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Q41: An increase in the real interest rate
Q42: The oil shock of 2007-2008 saw the
Q43: A decrease in the real interest rate
Q44: The oil shock of 2007-2008 saw the
Q45: The housing shock that occurred during the
Q47: A decrease in the real interest rate
Q48: The financial market shock that occurred during
Q49: The financial market shock that occurred during
Q50: An increase in the real interest rate
Q51: A decrease in the real interest rate
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