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briefly describe the impact on the Canadian labor market when the government and the Bank of Canada try to reduce and eliminate high inflation in

briefly describe the impact on the Canadian labor market when the government and the Bank of Canada try to reduce and eliminate high inflation in the 1970's.

b) Is history repeating itself? Describe how the fight against inflation might playout in this time, 2022-2023 and the likely impact on the labor market. 3 Marks

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