In the 1970s in Canada,there was
I: a series of adverse supply shocks,and
II: expansionary monetary policy.
A) I is true; II is not.
B) II is true; I is not.
C) Both I and II are true.
D) Neither I nor II is true.

Question

In the 1970s in Canada,there was 
I: a series of adverse supply shocks,and
II: expansionary monetary policy.
A) I is true; II is not.
B) II is true; I is not.
C) Both I and II are true.
D) Neither I nor II is true.

Quizplus · Accepted Answer

In the 1970s, Canada experienced adverse supply shocks due to events like the oil crisis. Additionally, the government implemented expansionary monetary policies to counteract economic slowdowns.

In the 1970s in Canada,there Was