Question: Can you please help me with these questions? I will really appreciate it Q1 Some intellectuals and politicians are of the opinion that the existing

Can you please help me with these questions? I will really appreciate it

Q1 Some intellectuals and politicians are of the opinion that the existing employment insurance program and temporary economic relief measures cannot protect the economy from the severe effects of natural calamities like COVID-l9. What is your opinion as a student of economics? Justify your opinion with appropriate examples as you have observed in Canada and other courtiers in current scenarios. 8 marks Q2 Suppose you are the governor of the Bank of Canada. The economy is experiencing a sharp rise in the ination rate. What changes would you consider g a) Open-market operations 2 marks b) The bank rate 2 marks c) Explain in each case how the change you advocate would affect chartered bank cash reserves, excess reserves and inuence the money supply? Elaborate your ideas with hypothetical examples related to any Canadian charted bank? 8 marks

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