Choose the Statement That Is Incorrect

Choose the statement that is incorrect.

A) The actual path of the CPI was on trend from 1995 through 1998.
B) Between 1999 and 2001, the CPI moved below the 2 percent trend line.
C) The actual path of the CPI was below trend from 2001 through 2007.
D) The Bank of Canada and the Government of Canada agree that the inflation-control target range will be 1 percent to 3 percent.
E) After 2008, the CPI was below trend.

Correct Answer:

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