5. MacKay, O'Toole, two conservative leadership candidates pitched pandemic recovery plans heavy on tax incentives, fiscal prudence (the article is attached). (10 marks)

https://www.cbc.ca/news/politics/mackay-otoole-jobs-plan-1.5588826

you could write MacKay, O'Toole pitch pandemic recovery plans heavy on tax incentives, fiscal prudence in your search engine and you will find a CBC article.

a. Consider the economic implications of this proposal. Is it more likely to affect aggregate demand or aggregate supply? Explain how this proposal would change the aggregate-demand curvethrough consumption, investment, government spending, or net exportsor the aggregate-supply curvethrough labour, capital, natural resources, or technology.

b. Graph the impact of this proposal using aggregate demand and aggregate supply. Explain what happens to the price level and the level of output.

c. Does this policy seem to be appropriate given the current economic conditions? Explain.