The Reason for the Bank of Canada to Have a Range

question 46

True/False

The reason for the Bank of Canada to have a range for its inflation targeting is that some of the components of the CPI, fluctuate a lot.

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Definitions:

Time

A continuous, irreversible progression through past, present, and future, which is a fundamental dimension in which events occur in sequence.

Y-axis

The vertical line on a graph or chart, typically used to represent the range of a dependent variable.

X-axis

The horizontal axis in a coordinate plane, often representing the independent variable in an equation.

Negative Relationship

A correlation where an increase in one variable leads to a decrease in another variable.