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Home Q & A Board Other Fields Homework Help Business Economics
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Danut Grigore Danut Grigore
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3 years ago

When the Bank of Canada raises interest rates, this


A)increases unemployment and increases inflation.

B)decreases unemployment and decreases inflation.

C)decreases unemployment but creates stagflation.

D)decreases unemployment and increases inflation.

E)increases unemployment and decreases inflation.
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#1
Educator
3 years ago
To control inflation, the central bank raises interest rates, which reduces consumer demand and leads to a slowdown in economic growth.

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E)increases unemployment and decreases inflation.
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