Which of the following represents the average inflation rate since 1990 and whether the Bank of Canada has been successful in its monetary policy?
A) the rate has been 2 percent and the Bank of Canada has not been successful because the target is 0 percent
B) the rate has been 2 percent and the Bank of Canada has been successful because the target is between 1 percent and 3 percent
C) the rate has been 0 percent and the Bank of Canada has been successful because the target is 0 percent
D) the rate has been 0 percent and the Bank of Canada has not been successful because the target is between 1 percent and 3 percent

Question

Quizplus · Accepted Answer

The average inflation rate since 1990 has been around 2 percent, which falls within the Bank of Canada's target range of between 1 percent and 3 percent. Therefore, the Bank of Canada can be considered successful in its monetary policy.

Which of the Following Represents the Average Inflation Rate Since