In Its Most Recent Attempt in Lowering the Inflation Rate

question 63

Multiple Choice

In its most recent attempt in lowering the inflation rate, the Bank of Canada announces explicit targets for the rate of change in the CPI, because the CPI ________.

• A) is the most commonly used and understood price measure in Canada
• B) comes out monthly and without revisions, whereas other price measures are frequently revised
• C) A and B only.
• D) None of the above.

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Definitions:

Close-Mindedness

The unwillingness to consider or accept different ideas or opinions.

Hostility to Reason

A negative attitude or opposition towards logical argumentation, critical thinking, or the rational resolution of conflicts.

Critical Thinking

A skill of objectively assessing evidence and arguments, to identify biases and assumptions, and make reasoned judgments.

Qualitative Improvements

Enhancements or upgrades in the quality or nature of something rather than in its quantity or numerical aspects.