Economys price level and real GDP

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Reference no: EM13737921

Explain the effects of each of each of the following factors on the economy’s price level and real GDP. Illustrate your explanations with appropriate diagrams.

-A rise in the value of the domestic currency relative to other world currencies

-An increase in the real interest rate

-A decrease in taxes

-A rise in incomes of Canadians

-An increase in the investment technology

Reference no: EM13737921

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