Multiple Choice
Canada followed the U.S.into recession in 2008, but not in 2001.One important reason why Canada did not follow the U.S.into recession in 2001 is
A) prices of natural resources and raw materials did not fall in 2001, but did in 2008.
B) the majority of Canada's trade partners were experiencing rapid inflation in 2008.
C) Canadian banks cut lending more in 2001 than they did in 2008.
D) the U.S.banned Canadian imports in 2008, but not in 2001.
E) Canada suffered a banking crisis in 2008, but not in 2001.
Correct Answer:

Verified
Correct Answer:
Verified
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