Buy custom Canada's Economy In 1996
Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
5 / 1388 |
Essay's paper body
Slow growth also keeps
inflation low. For example, in September 1996, the inflation rate changed from
1.3% to 1.2%. To stimulate economic growth, interest rates must be kept low.
For example, the bank rate decreased to 3.5% in November 1996. This encourages
businesses to borrow money and to expand...
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This encourages
businesses to borrow money and to expand. Increased exports also help stimulate
economic growth, because increases in foreign demand for Canadian goods and
services may stimulate the domestic markets.
The goal of economic stability has been achieved. In 1996, the inflation
rate has been relatively low...
Essay fragment
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