If the Bank of Canada Chose to Change Its Policy

question 124

Multiple Choice

If the Bank of Canada chose to change its policy actions implemented during the heart of the recession faster than the timing suggested by the Government of Canada, this would be an indication of the Bank of Canada's

• A)lack of credibility.
• B)independence.
• C)changing its monetary policy target.
• D)frictional relationship with the Parliament.
• E)a central bank gone rouge.

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Definitions:

Contradictory Propositions

Propositions that cannot both be true at the same time and under the same circumstances, as they express opposing assertions.

Shading

The technique in drawing and art of adding darkness to convey the sense of depth, volume, or to create the illusion of shadow.

Noncontradictory Propositions

Statements or claims that do not contradict each other, meaning they can both be true at the same time in the same context.

Nonequivalent

Not equal in value, measure, force, effect, significance, etc.; lacking equivalence or equality.