As you already saw in learning activity of unit 5, during the COVID-19 pandemic monetary aggregates such as M2 have been rising so rapidly in Canada. The same situation is also happening in the US and as a result, many people wonder if they should be worried about future inflation or not. Read the article and discuss if the increase in monetary aggregates such as M2 necessarily mean that we will have high inflation in the future? Under what circumstances we will not face a high inflation rate?

Article Link:https://ca.finance.yahoo.com/news/worried-inflation-covid-don-t-110022385.html

Article Link: https://johnhcochrane.blogspot.com/2020/04/financial-pandemic.html

Video Link: https://www.youtube.com/watch?v=3-dvi1f_2vA

Please provide IN-TEXT Citations as well as credible references with the response.