Deflationary monetary policy contributed

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Reference no: EM131163521

Which of the following statements about Canada's economy is false

a. Between the years of 1973 and 2003, Canadian real GDP trended downwards.

b. Deflationary (contractionary) monetary policy contributed, at least in part, to the recession of the early 1990s.

c. There is not much of a relationship between the growth rate of real GDP (gross domestic product) and the business cycle.

d. Business cycles are a common feature of Canada's economy. e.From 1962 to 2011, Canada experienced at least three recessions.

Reference no: EM131163521

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