What happened to expected inflation in Canada during the 1970s?
A) It increased substantially.
B) It increased slightly.
C) It decreased slightly.
D) It decreased substantially.

Question

Quizplus · Accepted Answer

Expected inflation in Canada during the 1970s increased substantially due to factors such as increased government spending, expansionary monetary policy, and rising oil prices. This led to a period of high inflation and economic instability known as "stagflation."

What Happened to Expected Inflation in Canada During the 1970s