1) The economy as we knew it might be over, Fed Chairman says

https://www.cnn.com/2020/11/12/economy/economy-after-covid- powell/index.html?fbclid=IwAR3maBS6QtT0XY_FH07L- pm2fybvRgRfuEQQMScBET9kh6P88v9_r3K0bOs

2) Seven ways COVID-19 is disrupting Canadian housing

https://royal-bank-of-canada-2124.docs.contently .com/v/seven-ways-covid-19-is-disrupting- canadian-housing-report

a) Do you agree with the Fed chairman that "the economy that we knew might be over"? Discuss this in the context of the AS-AD and MS-MD model that we have learned in class.

b) What are the main drivers of housing market in Canada? How the Covid-19 pandemic is going to impact those factors? Do you agree with the outcomes presented in the report by RBC? How might their prediction effect the Canadian economy in the context of the AS-AD and MS-MD model that we have learned in class?