If the Bank of Canada Were Required to Gain Approval

question 109

Multiple Choice

If the Bank of Canada were required to gain approval for all changes in monetary policy from Parliament before implementing them,this would result in

• A)higher inflation in the long run.
• B)longer time lags in monetary policy.
• C)permanently higher unemployment.
• D)permanently higher exchange rates for the Canadian dollar.
• E)temporary reductions in the interest rate.

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