How the fight against inflation might playout in 2023

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Assignment:

Today's economic environment is challenged with higher than normal inflation, and the Bank of Canada has resorted to increasing interest rates to cool the economy. In the 1970's Canada was trying to eliminate high inflation which had a huge impact on the Canadian Labour Market. Is history repeating itself? Describe how the fight against inflation might playout in 2023 and the likely impact on the labour market.

Reference no: EM133440702

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