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Suppose Canada pegs its currency against the US$. Also suppose that there is a persistent excess demand for Canadian dollars by the Americans. In order

Suppose Canada pegs its currency against the US$. Also suppose that there is a persistent excess demand for Canadian dollars by the Americans. In order to maintain this peg, the Bank of Canada needs to _____ C$ and the inflation rate in Canada is likely to ____. Question 39Select one: a. Sell; rise b. Sell; fall c. Buy; fall d. Buy; rise

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