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A review of the economic performance of Canadian economy by economists at the Bank of Canada...

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Economics

A review of the economic performance of Canadian economy byeconomists at the Bank of Canada suggests that the economy has aninflationary output gap.
Explain how the Bank of Canada could use monetary policyinstruments to close the inflationary output gap. Explain theprocess (mechanism) through which this occurs.

Answer & Explanation Solved by verified expert
3.8 Ratings (639 Votes)
Inflationary Gap in the Canadian Economy suggests that theactual level of output produced by all industries is actuallygreater than the potential or desired level of output in the longrun So the Canadian economy is producing more than what isdesired and causing the underutilization of scarce and limitedresourcesSeveral policies like Fiscal or    See Answer
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