Which Statement Best Describes the Evolution of Inflation in Canada

question 48

Multiple Choice

Which statement best describes the evolution of inflation in Canada?

• A) It has been relatively constant over the past 70 years.
• B) The inflation rate was constant at 7 percent annually for most of the twentieth century.
• C) During the 1990s,prices rose at an average rate of 2 percent per year.
• D) During the 1970s,there was deflation.

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Definitions:

10-minute Conversation

A short dialogue or discussion between two or more parties that lasts for a period of ten minutes.

Eye Contact

The act of looking directly into another person's eyes, which is an important aspect of nonverbal communication and can convey confidence, interest, and sincerity.

Surface Listener

An individual who only listens to the information being communicated on a basic level without engaging deeply or thinking critically about the content.

Reluctant Listener

An individual who shows little interest in listening or has difficulty paying attention to what is being said, often due to lack of interest or engagement with the topic.