Countries That Are Economically Stable Tend to Grow Faster Than

question 7

Essay

Countries that are economically stable tend to grow faster than those with an unstable business cycle.Why is this? How can the central bank improve conditions in the unstable countries?

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Definitions:

Charter of Rights and Freedoms

A fundamental part of Canada’s Constitution that protects various civil and political rights of people in Canada against actions of their governments.

British North America Act

The principal statute by which the Parliament of the United Kingdom originally established the federal dominion of Canada in 1867. It is now known as the Constitution Act, 1867.

Entrenched Constitution

A constitution that can only be changed or amended through a special and usually difficult process, ensuring stability and protection from easy modification.

Governor General

The representative of the monarch in a Commonwealth country, performing ceremonial duties and fulfilling the constitutional requirements of the nation.