The 2008-2009 Recession in Canada Was the Result of

question 175

Multiple Choice

The 2008-2009 recession in Canada was the result of

• A) the Bank of Canada changing to a more anti-inflationary monetary rule.
• B) the Bank of Canada changing to a less anti-inflationary monetary rule.
• C) a reduction in private-sector investment.
• D) a reduction in private-sector investment and net exports.
• E) too much money chasing too few goods.

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Definitions:

Investment In Subsidiary

The purchase of shares or interests in a subsidiary company by a parent company to obtain control or significant influence over the subsidiary's management and operations.

Book Value

The net value of an asset as recorded on the balance sheet, calculated as the asset's cost minus accumulated depreciation.

Affiliate's Debt Instrument

A financial security issued by an affiliate entity, representing a loan made by investors to the affiliate.

Gain Or Loss

It reflects the financial outcome from the sale of an asset, calculated as the difference between the sale price and the asset's book value.