During the 1960s and early 1970s, the Bank of Canada's policy of using interest rates at the intermediate target was ________.

Question

Quizplus · Accepted Answer

During the 1960s and early 1970s, the Bank of Canada's policy of using interest rates as an intermediate target was expansionary, which contributed to high inflation rates, including periods of double-digit inflation. This was part of a broader global trend of high inflation during this period.

During the 1960s and Early 1970s, the Bank of Canada's