Rate of economic growth in canada

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1. What would happen to the rate of economic growth in Canada if government decides to accept more immigrants? Use labor market and production function to explain your answer.

2. Use the model of aggregate demand and short-run aggregate supply to explain how each of the following would affect real GDP and the price level in the short run.

a. an increase in government purchases

b. a reduction in nominal wages

c. a major improvement in technology

d. a reduction in net exports

Reference no: EM132786727

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