Multiple Choice
Which of the following represents the average inflation rate since 1990 and whether the Bank of Canada has been successful in its monetary policy?
A) the rate has been 2 percent and the Bank of Canada has not been successful because the target is 0 percent
B) the rate has been 2 percent and the Bank of Canada has been successful because the target is between 1 percent and 3 percent
C) the rate has been 0 percent and the Bank of Canada has been successful because the target is 0 percent
D) the rate has been 0 percent and the Bank of Canada has not been successful because the target is between 1 percent and 3 percent
Correct Answer:
Verified
Correct Answer:
Verified
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