In the 1975-1981 period, the Bank of Canada selected a monetary aggregate as an intermediate target than an interest rate primarily because it ________.

Question

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The Bank of Canada chose a monetary aggregate as an intermediate target primarily because it was concerned about controlling inflation. Targeting monetary aggregates was seen as a way to directly influence the money supply and, by extension, inflation rates.

In the 1975-1981 Period, the Bank of Canada Selected a Monetary