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Canada experiences a long and severe depression

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Suppose the economy of Canada experiences a long and severe depression. Canada is one of the largest recipients of U.S. exports. Assume exchange rates do not change.

Draw a products/goods market graph to show how a Canadian recession will impact U.S. economic growth. Please provide equilibrium points and shifts on the graph, and a detailed explanation on how the recession in Canada influences U.S. economic growth.

Reference no: EM131447331

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