Choose the statement that is incorrect.
A)The actual path of the CPI was on trend from 1997 through 2011.
B)The Bank of Canada and the Government of Canada agree that the inflation- control target range will be 1 percent to 3 percent.
C)From 2001 through 2007, the core CPI inflation rate was below 1 percent a year.
D)Since 2011, the CPI has moved below the 2 percent trend line.
E)Between 1997 and 2017, the core inflation rate has a bias to be below 2 percent a year.

Question

Quizplus · Accepted Answer

From 2001 through 2007, the core CPI inflation rate was above 1 percent a year, not below as stated in statement C.

Choose the Statement That Is Incorrect