a. (10 points) The governors of the Bank of Canada BC make two claims: Claim 1: "They can stabilize economic activity and control inflation by controlling the overnight interest rate". Claim 2: "Forces of demand and supply determine the equilibrium overnight interest rate." The two claims at best seem contradictory. On the one hand, they are themselves in control of economic activity. On the other hand, forces of demand and supply determine the overnight interest rate and thus the governors cannot control economic activity Low do you reconcile the two claims in view of the fact the inflation rate spiraled out of control of the jovernors of the central banks of all developed and developing countries despite the enormous amount of nformation available to them and the sophisticated economic models and large research departments that the governors of every central bank have under their supervision