The Long- Run Target Currently Used by the Bank of Canada

question 81

Multiple Choice

The long- run target currently used by the Bank of Canada is to set

• A)a long- run target range for the Canadian- U.S. exchange rate.
• B)a long- run target range for the inflation rate.
• C)a long- run target range for the overnight lending rate.
• D)a long- run target range for the 5- year mortgage rate.
• E)M2 = real GDP/M1

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