When the economy is speeding too fast, all of the following happen except
A) inflation is above target inflation.
B) real GDP is above potential GDP.
C) unemployment is increasing.
D) there is an inflationary gap.
E) nominal GDP is above real GDP.
Correct Answer:
Verified
Q53: If the Bank of Canada is worried
Q54: To increase aggregate demand, the Bank of
Q55: The Bank of Canada changes the target
Q56: Which statement about interest rates is false?
A)
Q57: If the Bank of Canada is worried
Q59: Which statement about interest rates is true?
A)
Q60: To decrease aggregate demand, the Bank of
Q61: In an inflationary gap, the Bank of
Q62: When the Bank of Canada buys bonds
Q63: Which statement about interest rates is true?
A)
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