In its most recent attempt in lowering the inflation rate,the Bank of Canada announces explicit targets for the rate of change in the CPI,because the CPI ________.
A) is the most commonly used and understood price measure in Canada
B) comes out monthly and without revisions, whereas other price measures are frequently revised
C) Both A and B of the above.
D) None of the above.

Question

Quizplus · Accepted Answer

The Bank of Canada announced explicit targets for the rate of change in the CPI because the CPI is the most commonly used and understood price measure in Canada, and it comes out monthly and without revisions, whereas other price measures are frequently revised. Therefore, both statements A and B are correct.

In Its Most Recent Attempt in Lowering the Inflation Rate,the