If the Bank of Canada were required to gain approval for all changes in monetary policy from Parliament before implementing them,this would result in

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Requiring approval from Parliament for all changes in monetary policy would lead to longer time lags in the implementation of those policies. Parliamentarians may not have the same knowledge and expertise as the Bank of Canada, which could result in delays in decision-making and implementation. This could potentially hinder the Bank's ability to respond quickly to changing economic conditions, leading to longer time lags in monetary policy.

If the Bank of Canada Were Required to Gain Approval