(3) Canada is facing a demographic situation where the baby boc reaching retirement age. i Use a simple labour leisure choice diagram to model the ii. Suppose the government were to increase pension payme Pension Plan. How would this change affect the retirem reference to your diagram. iii Suppose large stock market losses reduced people's savi change affect the retirement rate? Explain with referenc iv . What affect do you think the increased labour force parti had on the retirement behaviour of men? Explain with re diagram