Show on a supply-and-demand diagram, and explain in words, what will happen to the Canadian exchange rate compared to the foreign exchange rate when the world demand for lumber, wheat, and paper increases.

Show on a supply-and-demand diagram, and explain in words, what will happen to the Canadian exchange rate compared to the foreign exchange rate when the world demand for lumber, wheat, and paper increases. Ignore interactions with other sectors. Hint: Be sure to clearly label your axes!

 

Question 2. A government report traces the economy’s stagnation in the last fifteen months to massive declines in spending on commercial construction, while residential construction grew at only half the pace of previous recoveries. Of recent note, however, is a fall in inventories.

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