Which of the following statements of fact about the role of the Canadian government in the economy is MOST consistent with Keynesian economic theory? a. Canadian Crown corporations, such as Canada Post and the Canadian Dairy Commission, are run at a a cost to taxpayers b. The regulation of industry in Canada ensure worker safety standards are met. c. Crown corporations provide competition to the private sector of the economy d. The Canadian government, through the Bank of Canada, can increase or decrease the rate of economic growth

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Inflation and Purchasing Power Theory

In economic terms, Inflation refers to the increase in the costs of various commodities which are used in daily lifestyle like food, clothes, transport, etc. over a specific time. It may lead to a fall in the purchasing power of the people and also affects the exchange rate of the currency because of the price increase. As the purchasing power falls the unit of the currency in the economy falls. When the prices of the commodities are decreased, then the purchasing power of the consumers will rise, then it will lead to deflation and changes the currency of the base economy to that of the foreign economy which will lead to change in exchange rates.