Multiple Choice
The Bank of Canada raised interest rates in 2018. By doing this, what did the Bank of Canada do to the money supply and why?
A) It increased the money supply because it was concerned about unemployment.
B) It increased the money supply because it was concerned about inflation.
C) It decreased the money supply because it was concerned about unemployment.
D) It decreased the money supply because it was concerned about inflation.
Correct Answer:
Verified
Correct Answer:
Verified
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