Conduct a macroeconomic analysis of the Canadian Liberal Party's bid for power in the September 20th, 2021 Federal Election. They made specific promises and assessed the economic impact.

Promise 1: During the colder months, the Liberals aim to offer up to 75% of pay and rent support to the nation's tourism industry.

Promise 2: The Liberals proposed a new Employment Insurance benefit for self-employed Canadians that would be funded via taxes and give unemployment assistance and support comparable to El for up to 26 weeks. This might provide roughly $15,500 in aid in the near future if it is required.

Increase the amount of employment available to Canadians in order to stimulate the country's economic development.

What impact will this have on the Canadian economy? Explain how Fiscal Policy and Monetary Policy will effect the Canadian economy. You must employ and use a minimum of three models (for example, PPC, Labour Model, AD/AS, and Production Function). Demonstrate your ability to connect the theory discussed in class to the party's specific ideas. Assume that the reader is familiar with macroeconomics.

Answer rating: 100% (QA)

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