1. Describe how the Bank of Canada is trying to combat inflation in Canada. Discuss the pros and cons of this new policy. Your arguments should be based on the prevailing economic situation in Canada. (10 Points) 2. In March 2020, COVID-19 caused a lockdown throughout Canada that triggered a wave of business closures that raised unemployment. Describe, how government of Canada used fiscal policy to manage these difficult times. Discuss important aspects of current fiscal policy and its implications in Canadian economy. Please be specific in your examples. (Points: 10) 3. Describe why GDP per capita comparisons between countries could be misleading? How economist can avoid the problems with this measure?