Multiple Choice
The reason Canada fared differently between the first two oil shocks and the third is because ________.
A) a nominal anchor was in place during the third oil shock in 2007
B) by 2007 Canada became a net exporter of oil, so Canadians benefitted from higher oil prices
C) in 2007, the global financial crisis overshadowed any oil price shocks
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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