During the 1970s,Canada Experienced an Unusual Pattern of Interest Rates

question 116

Multiple Choice

During the 1970s,Canada experienced an unusual pattern of interest rates.What happened during this period?

• A)The nominal interest rate was less than the real interest rate.
• B)The inflation rate was negative,implying a real interest rate that was higher than the nominal interest rate.
• C)The inflation rate exceeded the nominal interest rate,implying a negative real interest rate.
• D)The inflation rate was negative,implying a nominal interest rate higher than the real interest rate.
• E)The nominal and real interest rates were equal to each other.

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