Explain the dilemma that rising inflation and high unemployment poses for the Bank of Canada. At the
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Explain the dilemma that rising inflation and high unemployment poses for the Bank of Canada.
At the end of 2009, the unemployment rate was 8.3 percent, the inflation rate was 0.8 percent, and the overnight loans rate target was 0.25 percent. In mid- 2014, the unemployment rate was about 7 percent, the inflation rate was 2.1 percent, and the overnight loans rate target was 1 percent.
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Related Book For
Microeconomics Canada In The Global Environment
ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
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