This question will be sent to your instructor for grading. PART 2. Short Answers: (40/100 marks) Given the current statistics for the 3 macroeconomic goals and their recent performance since the beginning of the 2020-2021 Covid-19 economic crisis, answer the following questions in the area provided: 41 Macro 3019 4019 1Q20 2Q20 3020 4020 1Q21 2021 3021 4021 1022 2022 3022 4022 Feb.23 OP Growth IR -12 2 29 O.5 12.1 3.9 3.1 2.1 2012-100) 4022 iflation Rate (%) 19 2 2 2.2 3.1 4 4 4.8 6.7 8 1 5.2 Feb. 22 5.6 5.6 12 4 7.6 71 6.0 4.9 57 5.0 5.0 Feb. 22 8 01:35:26 1. 3019, 4019, 1021 and 2021 are the closest combinations of Long-Run Equilibrium since the beginning of the Covid-19 crisis. Evaluate, in terms of macroeconomic sustainability, which of these periods was closer to a Sustainable Potential GDP and provide a short explanation. 2. From class discussions_Distinguish between Long-Run Equilibrium (LRE) and General Macroeconomic Equilibrium (GME) 3. Given the most recent economic indicators for 4022+, evaluate the current economic situation in Canada in terms of LTE, GME and the GDP Gap. 4. Provide a short, educated recommendation (supported by economic arguments) on which type of economic policy and tools would be the most indicated to help the economy to return to a long and sustained general equilibrium, given the current actual GDP position Hint: Copy each of the questions and answer each one individually. Use the following format: 1. Question 1 (paste) Answer 1: write your response (100 words average recommended per question) 2. Question 2 (paste) Answer 2: write your response (100 words average recommended per question)