
The Canadian inflation experience from 1960-2002
A) can be explained equally plausibly by the Central Bank Learning Story and the Central Bank Commitment Story.
B) can be explained by the Central Bank Learning Story, but not the Central Bank Commitment Story.
C) can be explained by the Central Bank Commitment Story, but not the Central Bank Learning Story.
D) cannot be explained by either the Central Bank Learning Story or the Central Bank Commitment Story.
E) can be explained by the Central Bank Learning Story for the first half of the period and the Central Bank Learning Story in the second half of the period.
Correct Answer:
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