Aggregate supply of canadian economy

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Reference no: EM1313909

The Canadian economy is in long-run equilibrium. Assume the following events occur one at a time. Show the effect of each event on Aggregate Demand and Short-run Aggregate Supply in Canada by shifting only one curve. Potential GDP does not change. Label the change in equilibrium price P₂ and output Y₂ and equilibrium E₂.

In your assignment use this graph format for each impact.

IMPACTS: (Draw new graph for each)

A. The value of the Can $ declines.
B. World oil prices decrease.
C. Canadian businesses plan to increase inventories

Reference no: EM1313909

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