Use the figure below to answer the following questions. Figure 32-2 -Refer to Figure 32-2. Suppose that these diagrams refer to Canada. If the interest rate were initially at r₀ and China voluntarily restricted its exports to Canada, what would happen to the interest rate? A)It would stay at r₀. B)It would decrease because supply would shift right. C)It would increase because supply would shift left. D)It would decrease because demand would shift left.

Question

Quizplus · Accepted Answer

The Answer of Use the figure below to answer the following questions. Figure 32-2 -Refer to Figure 32-2. Suppose that these diagrams refer to Canada. If the interest rate were initially at r₀ and China voluntarily restricted its exports to Canada, what would happen to the interest rate? A)It would stay at r₀. B)It would decrease because supply would shift right. C)It would increase because supply would shift left. D)It would decrease because demand would shift left.

Use the Figure Below to Answer the Following Questions