At the beginning of the class, we discussed that macroeconomics deals with the structure, performance, behavior, and decision-making of the aggregate economy. We also talked about the statistics used by economists in assessing the health of a nation. The COVID-19 outbreak and government-mandated shutdowns of 2020 created a wide range of issues for households and businesses that weakened Canada's economic performance. Discuss how the COVID-19 outbreak has affected the Canadian economy. What strategies did the Canadian government implement to maintain a stable economic condition in the country? State your ideas clearly, touching on the key concepts discussed in class. (Word limit: 450)

2. We discussed inflation as one of the statistics Economists focus on while assessing the health of a nation. Canada's inflation rate stood at 7% in August. What is responsible for Canada's high inflation rate? What are the available policy options for addressing the inflation? Structure your answers logically and wisely. (Word limit: 300)

3. Our text defined public debt as the accumulation of the federal government's deficits and surpluses that have occurred through time. Canada's net public debt stood at $694 billion in 2016. Canada's net public debt rose to $1.06 trillion in 2020 and now sits at over $1.2 trillion. What is responsible for the rapid rise in government's debt since March 2020? State and discuss the sequence or chain of events that led to skyrocketing public debt since March 2020. What are the fundamental issues relating to Canada rising public debt? (Word limit: 300