The Reason Canada Fared Differently Between the First Two Oil

question 104

Multiple Choice

The reason Canada fared differently between the first two oil shocks and the third is because ________.

• A) a nominal anchor was in place during the third oil shock in 2007
• B) by 2007 Canada became a net exporter of oil, so Canadians benefitted from higher oil prices
• C) in 2007, the global financial crisis overshadowed any oil price shocks
• D) none of the above

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