Recently, the Bank of Canada Has Communicated Changes in Its

question 192

Multiple Choice

Recently, the Bank of Canada has communicated changes in its monetary policy by announcing changes in its policy targets for the:

• A)growth of the money supply.
• B)overnight loans rate.
• C)prime interest rate.
• D)Canadian dollar-foreign currency exchange rate.

---

Definitions:

Total Revenue

The total amount of money generated by the sale of goods or services before any expenses are subtracted.

Inelastic Portion

Part of the demand curve where consumers are less sensitive to price changes, meaning that the quantity demanded changes little with a significant price change.

Price Elasticity

The determination of demand elasticity for a product relative to changes in its price.

Constant Slope

A line on a graph that has the same steepness throughout, indicating a uniform rate of change.