Solved

Other Things Being Equal, If a Change in the Tastes

Question 79

Multiple Choice

Other things being equal, if a change in the tastes of Canadian consumers causes them to purchase less foreign goods at each level of income:


A) unemployment will increase domestically.
B) Canadian real GDP will fall.
C) deflation will occur domestically.
D) Canadian real GDP will rise.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents