From this historical overview, find references to the following time periods and list each under the heading of good or bad economic times. Explain your answer. Explain your choice. Read pages 303 - 304 to help you explain.
Inflation normally results from either demand pull or cost push.
Find the two highest and most extended periods of inflation on the chart. Identify them and state whether you think each resulted from demand pull or cost push. In 1975 The Canadian Government established the Anti-Inflation Board to regulate wages and prices. Use the chart and comment on the success of this Board. Use the chart and comment on the success of this action through to the end of the war in 1945.