Try another version of these questions The graph below shows the AD-AS diagram for Canada. Suppose that the economy experiences a negative aggregate demand shock denoted by the move from AD1 to AD2. Note that the new curve is shown in gray.
What has happened to the cyclical unemployment in Canada? Hint Box 1: Select the best answer What happened to the frictional unemployment in Canada? Hint Box 1: Select the best answer What happened to the structural unemployment in Canada? Hint Box 1: Select the best answer What happened to the price levels in Canada? Hint Box 1: Select the best answer