If the Bank of Canada Were Required to Gain Approval

question 38

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

Understand the importance of developing anti-bias behaviors in children.

Describe the concept and strategies of scaffolding in supporting child development.

Identify ways to promote self-esteem in young children.

Explain how self-esteem can be influenced and changed.

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Definitions:

Elastic Supply

A situation where the quantity supplied of a good or service changes significantly in response to changes in price.

Cross Elasticity

A measure of how the demand for one good responds to a change in the price of another good, indicating the degree of substitutability or complementarity between the two goods.

Complements

Goods or services that are used together, where the increase in consumption of one leads to an increase in consumption of the other.

Substitutes

Goods or services that can be used in place of each other, where an increase in the price of one leads to an increase in the demand for the other.