Which statement best describes the evolution of inflation in Canada?
A) It has been relatively constant over the past 70 years.
B) The inflation rate was constant at 7 percent annually for most of the twentieth century.
C) During the 1990s,prices rose at an average rate of 2 percent per year.
D) During the 1970s,there was deflation.
Correct Answer:
Verified
Q1: When prices are falling, what term do
Q2: When the money market is depicted in
Q3: When the value of money rises, what
Q5: How can inflation be measured?
A) by the
Q7: When the money market is depicted in
Q11: Over the past 70 years,what was the
Q15: When and where did hyperinflation occur?
A) during
Q15: When the number of dollars needed to
Q17: When does the supply of money increase?
A)
Q19: What do economists think about high and
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