In 1975 the Bank of Canada announced that it would focus on a particular economic factor.What was that factor?
A) interest rates
B) unemployment rates
C) the long-run equilibrium price level
D) the growth of the money supply

Question

In 1975 the Bank of Canada announced that it would focus on a particular economic factor.What was that factor?  
A) interest rates 
B) unemployment rates 
C) the long-run equilibrium price level 
D) the growth of the money supply

Quizplus · Accepted Answer

In 1975, the Bank of Canada announced that it would focus on controlling the growth of the money supply in order to control inflation. This became known as the "monetarist" approach to monetary policy.

In 1975 the Bank of Canada Announced That It Would