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The Recent Rise in Oil Price Most Likely Will Not

Question 85

Multiple Choice

The recent rise in oil price most likely will not cause recession in Canada, because


A) Canadian economy has shifted away from energy-intensive industries into knowledge-based industries.
B) in response to the earlier oil price shocks, Canadian firms have become significantly more energy efficient.
C) Canada, as a producer of oil, may benefit from the oil price shock.
D) all of the above.

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