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4. By referring to the website of the Bank of Canada (https://www.bankofcanada.ca/markets/market-operations-liquidity-provision/covid-19-actions-support-economy-financial-system/) provide two economic policies that the central bank imposed in response to COVID-19.
4. By referring to the website of the Bank of Canada (https://www.bankofcanada.ca/markets/market-operations-liquidity-provision/covid-19-actions-support-economy-financial-system/) provide two economic policies that the central bank imposed in response to COVID-19. Explain transition mechanism for these policies. By referring to what you learned in the class clearly explain how these policies could change GDP, prices, and unemployment rates in Canada. (25 points)
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