Explain the difference between the Bank of Canada following discretionary policy as opposed to following a rules strategy.
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Q59: Figure 14.3 Q60: Suppose the Bank of Canada has a Q61: There is no trade-off between inflation and Q62: If the economy experiences an unanticipated demand Q63: Many economists believe the central banks were Q65: If a policy change by the Bank Q66: Assume that the Bank of Canada has Q67: A study by economists at the International Q68: The Fed (which is the central bank Q69: Assume that the Bank of Canada has
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