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Question: a411 the trade dispute between china and the us has...

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A4-11. The trade dispute between China and the US has left some fearing a global slowdown and perhaps a world-wide recession. If the latter occurs, the Canadian economy will certainly experience a recession. What would you expect to happen to Canadian real national income and its growth rate over the next few quarters? What is likely to happen to the output gap? the unemployment rate? Briefly explain. [8]

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