For Recent Canadian Inflation History,the Central Central Bank Commitment Story

question 44

Multiple Choice

For recent Canadian inflation history,the central central bank commitment story dealt with

• A) the federal government committed to lowering taxes and increasing government spending.
• B) the inability of the central bank to maintain low interest rates.
• C) high inflation due to the inability of the central bank to commit to a policy of not generating surprise inflation.
• D) the central bank not being convinced that there was a Phillips curve.
• E) the central bank not concerned about the economic welfare of private citizens.

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