If We Observe That the Actual Rate of CPI Inflation

Multiple Choice

If we observe that the actual rate of CPI inflation has increased,we can certainly conclude that the

A) Bank of Canada has implemented an expansionary monetary policy.
B) Bank of Canada has implemented a contractionary monetary policy.
C) Bank of Canada has abandoned its inflation target.
D) Government of Canada has reduced the money supply.
E) It is not possible to conclude any of the above.