1- Using the AD/AS model describe how the Covid-19 pandemic would lead to inflation. a. In your written answer, you must describe a COVID-19 factor that would ghange each (1) aggregate demand and (2) aggregate supply such that inflation results in the economy. b. In your written answer you must demonstrate how the two forces you described above would result in inflation. v Q2- Suppose you are the Governor of the Bank of Canada and the economy is experiencing an 8 percent inflation rate. Unemployment is at the full-employment level and the target interest rate is currently 4 percent. What change in the target interest rate would you want to make? How would this change get implemented? What impact would those implementation actions have on the lending ability of the banking system, the real interest rate, investment spending, aggregate demand, and inflation? b. Q3- How might poorer nations catch up to richer countries in terms of GDP per capita? Not need a standard definition, just need explanation according to concept