In 1980, What Was the Canadian Inflation Rate and Unemployment

question 63

Multiple Choice

In 1980, what was the Canadian inflation rate and unemployment rate?

• A) The inflation rate was about 2 percent, and the unemployment rate was about 8 percent.
• B) The inflation rate was about 6 percent, and the unemployment rate was about 2 percent.
• C) The inflation rate was about 7 percent, and the unemployment rate was about 10 percent.
• D) The inflation rate was about 10 percent, and the unemployment rate was about 7 percent.

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Definitions:

Controlling Account

A general ledger account that summarizes the balances of a set of subsidiary accounts, facilitating overall management.