The Bank of Canada's anti-inflation policy during the 1982-1988 period can be viewed as one where ________ became the operating target and ________ was the intermediate target.

Question

Quizplus · Accepted Answer

During the 1982-1988 period, the Bank of Canada used the interest rate as the operating target to influence economic conditions, while the exchange rate was used as the intermediate target to help control inflation and stabilize the economy.

The Bank of Canada's Anti-Inflation Policy During the 1982-1988 Period