Answer these three questions. Provide references.

Ic following questions. Please note, all questions are compulsory. Each question is wor 10 points. Total Points = 30 1. Describe how the Bank of Canada is trying to combat the current situation caused by COVID-19. Discuss the pros and cons of this new policy. Your arguments should be based on the prevailing economic situation in Canada. (10 Points) 2. COVID-19 has created a global financial crisis and now the world has moved into global recession Describe, how the Canadian government is using fiscal policy to manage this difficult time. Discus important aspects of current fiscal policy and its implications in the Canadian and COVID-19 contexts. (Points: 10) 3. Describe why GDP per capita comparisons between countries could be misleading? How can economists avoid the problems with this measure? (Points: 10)