Which of the following statements characterizes the trend in the Canadian aggregate price level?
A. Despite fluctuations, CPI has risen significantly.
B. Canada has never experienced deflation.
C. Inflation has always been low, thanks to the Bank of Canada's policy.
D. The most recent deflation in Canada occurred in 2008.
Answer:A
Which of the following statements characterizes the trend in the Canadian aggregate price level?
A. Despite fluctuations, CPI has risen significantly. B. Canada has never experienced deflation. C. Inflation has always been low, thanks to the Bank of Canada's policy. D. The most recent deflation in Canada occurred in 2008.