ECON-1012-B-Introduction to Macroeconomics Course Materials & Test Answers | moodle.uleth.ca

Which of the following statements is the objective of the Bank of Canada's monetary policy?

To keep the labour force participation rate above 80 percent, the inflation rate below 2 percent a year, and the exchange rate fluctuating by less than 3 percent a year.

To control the quantity of money and interest rates to avoid inflation and, when possible, prevent excessive swings in real GDP growth and unemployment.

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To keep the unemployment rate below 5 percent, the inflation rate between 1 and 3 percent a year, and long-term real GDP growth above 4 percent a year.

To keep the overnight rate below 2 percent a year and the unemployment rate at the natural unemployment rate.

To keep the unemployment rate below 5 percent, the inflation rate between 1 and 3 percent a year, and long-term interest rates below 4 percent a year.

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ECON-1012-B-Introduction to Macroeconomics

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