[Solved] In Order to Promote Price Stability as the Long-Term Goal

Question 213
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In order to promote price stability as the long-term goal of monetary policy, Bank of Canada Governor John Crow and the minister of finance set inflation targets with a band of plus or minus one percentage point around them.Through the late 1980s and early 1990s Canada saw ________ and ________.


A)disinflation; high unemployment
B)steep inflation; low unemployment
C)disinflation; low unemployment
D)steep inflation; high unemployment
E)deflation; high unemployment

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