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In 1980,the Canadian Government Implemented the National Energy Program

Question 165

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In 1980,the Canadian government implemented the National Energy Program.This was a time when the OPEC (Organization of Petroleum Exporting Countries)cartel was becoming prominent and higher oil prices were creating inflationary pressure.Identify how this action might have impacted the three major macroeconomic goals of our economy.

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At the time,we would have been concerned...

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