Application of the Central Bank Learning Story to the Canadian economy in the later part of the 20th century suggests that the Bank of Canada began to understand that increases in expected inflation shift the Phillips curve upward

Question

Quizplus · Accepted Answer

The Central Bank Learning Story suggests that the Bank of Canada began to understand the relationship between expected inflation and the Phillips curve in the early 1980s, as indicated by the "later part of the 20th century." Therefore, the correct choice is C.