Canada experienced very high GDP growth, record low unemployment rates, and virtually non-existent inflation in the...

Canada experienced very high GDP growth, record low unemployment rates, and virtually non-existent inflation in the late 1990s. Based on the conclusions of the AD/AS model, this combination of good economic results can be explained by a:

a.) leftward shift of the aggregate demand.

b.) leftward shift of the short- or long-run aggregate supply.

c.) rightward shift of the aggregate demand.

d.) rightward shift of the short- or long-run aggregate supply.

Expert Solution

Rahul Sunny answered 2 years ago

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