Suppose that Bank of Canada policy leads to higher interest rates in Canada.How will this policy affect real GDP in the short run if Canada is a closed economy, and how will it affect real GDP in the short run if Canada is an open economy?

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The Answer of Suppose that Bank of Canada policy leads to higher interest rates in Canada.How will this policy affect real GDP in the short run if Canada is a closed economy, and how will it affect real GDP in the short run if Canada is an open economy?

Suppose That Bank of Canada Policy Leads to Higher Interest