During what period can the Bank of Canada influence unemployment?

Name: During what period can the Bank of Canada influence unemployment?
Brand: Quizplus
Rating: 4.7 (58 reviews)

Question

Quizplus · Accepted Answer

The Bank of Canada can influence unemployment in the short run through monetary policy, such as adjusting interest rates or implementing quantitative easing. However, in the long run, unemployment is mainly affected by structural factors such as demographics, technology, and education/skills, which are beyond the control of the central bank.

During What Period Can the Bank of Canada Influence Unemployment