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After the recent COVID-19 outbreaks, Canadian travel and tourism industry facing unprecedented drop in their businesses. a)Assess the impact of COVID on the tourism industry

After the recent COVID-19 outbreaks, Canadian travel and tourism industry facing unprecedented drop in their businesses.

a)Assess the impact of COVID on the tourism industry as to what happened to Canadian GDP, inflation, unemployment, and incomes of people who are working in the tourism industry? Explain your answer below.

Ans(4)

Where will you shift the AD and or AS curve in figure below for the tourism industry (what direction) and why ?

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