1. Describe the conditions and intentions which led the Bank of Canada to remove the reserve requirements of commercial banks in 1992. What is the reserve requirement, and why was it lifted? What were the economic implications of this decision? What tool does the Central bank now use, and how does the BoC use it?

2. Canada currently has an inflation rate of 6%. What are the conditions which led to this high rate of inflation? What are the events and their economic consequences, as well as any responses to those events?

3. What is economic growth and what can be recommended that a country have in place to make and maintain sustained economic growth?

4. The federal government of Canada has recently placed in their recent budget a $150 million investment to support the development and supply of semiconductors. What is the expected relationship, if any, of this expenditure to economic growth, inflation, aggregate supply and demand, aggregate expenditure, consumption, and fiscal and monetary policy?