Homework Clinic
Social Science Clinic => Economics => Macroeconomics => Topic started by: SGallaher96 on Jan 2, 2020
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According to the Bank of Canada,
◦ preferences over inflation depend on the real interest rate.
◦ low real interest is preferred to high real interest rates.
◦ less aggregate output is preferred to more.
◦ low unemployment is preferred to higher unemployment.
◦ slow money wage growth is preferred to faster.
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preferences over inflation depend on the real interest rate.