In the short run, when the Bank of Canada changes the nominal interest rate, the real interest rate also changes. 3. If the Bank of ... curve rightward. 8. Monetary policy is a perfect stabilization tool because it does not have law-making timeanbsp;...
|Title||:||Foundations of Macroeconomics, Second Edition. Study Guide|
|Author||:||Jeannie Shearer-Gillmore, Robin Bade|
|Publisher||:||Pearson Addison Wesley - 2004-01-01|