Using aggregate demand and aggregate supply, explain what happens in the short run if the Bank of Canada lowers interest rates in the economy.Be sure to detail what happens to aggregate demand, the price level, the level of GDP, and unemployment.Assume that the economy is at full employment before the interest rate decrease.

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The Answer of Using aggregate demand and aggregate supply, explain what happens in the short run if the Bank of Canada lowers interest rates in the economy.Be sure to detail what happens to aggregate demand, the price level, the level of GDP, and unemployment.Assume that the economy is at full employment before the interest rate decrease.

Using Aggregate Demand and Aggregate Supply, Explain What Happens in the Short