Use the following to answer questions:
-When the Bank of Canada changes tax rates,interest rates change,and this changes real GDP.

Name: Use the following to answer questions: -When the Bank of Canada changes tax rates,interest rates change,and this changes real GDP.
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Question

Use the following to answer questions: 
-When the Bank of Canada changes tax rates,interest rates change,and this changes real GDP.

Quizplus · Accepted Answer

The Bank of Canada does not change tax rates; it influences interest rates through monetary policy, which can affect real GDP. Tax rates are typically set by the government, not the central bank.

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