Explain effects of given factors on the economy price level

Reference no: EM131788970

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

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

b. An increase in the real interest rate

c. A decrease in taxes

d. A rise in incomes of Canadians

e. An increase in the investment in technology

Reference no: EM131788970

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