The Run Up in Canadian Inflation in the 1970s and the Subsequent

Multiple Choice

The run up in Canadian inflation in the 1970s and the subsequent decline in Canadian inflation in the 1980s and 1990s is

A) explained equally well by the Central Bank Learning Story and the Central Bank Commitment Story.
B) well explained by the Central Bank Learning Story, but not well explained by the Central Bank Commitment Story.
C) well explained by the Central Bank Commitment Story, but not well explained by the Central Bank Learning Story.
D) not well explained by either the Central Bank Learning Story or the Central Bank Commitment Story.
E) well explained by the Central Bank Learning Story for the 1970s and the Central Bank Commitment Story for the 1980s and 1990s.