The inflation rate has been low in Canada since 1991 because
A) Canada is trading more with the rest of the world.
B) oil prices have been low.
C) the government's budget deficit was brought under control.
D) the Bank of Canada has a 2% inflation target.
E) employment insurance became less generous.
Correct Answer:
Verified
Q9: Canada has become a more open economy
Q10: The unemployment rate in 2018
A)was higher than
Q11: Reductions in the real interest rate caused
Q12: A trade-off between aggregate output and inflation
A)is
Q13: Countries gain from
A)taxes.
B)long-run tradeoffs between aggregate output
Q15: In a competitive equilibrium, we assume that
Q16: Tax cuts
A)cause unemployment.
B)will surely make the government
Q17: Business cycles
A)occur every five years in Canada.
B)are
Q18: More government spending
A)can compete with private spending
Q19: Since 1870 in Canada, there has been
A)too
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