Question: 2. In The Austerity Delusion Prof. Blyth notes that Canada was able to cut and grow in the 19805: (a) Use the IS curve to

2. In The Austerity Delusion Prof. Blyth notes that Canada "was able to cut and grow in the 19805:" (a) Use the IS curve to briey explain this result from the perspective of an austerity supporter. (b) Use the IS curve to briey summarize Prof Blyth's explanationcf Canada's ex perience. (c) What role do unions play in the success of the success of the mechanism you discussed in part 2(b)

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