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Alena Grigore Alena Grigore
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3 years ago
Monetary policy during the Global Financial Crisis was unusual because
Question 7 options:

A) lower interest rates caused the Canadian dollar to appreciate.

B) banks used excess reserves to increase lending.

C) the Bank of Canada raised interest rates.

D)the international transmission mechanism failed.

E) lower interest rates did not stimulate aggregate demand.
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3 years ago
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