COVID-19 has brought several new very expensive stimulus packages by all the governments around the world. This may lead to a massive budget deficit for all the governments in the future. Central banks also reduced the interest rates to almost 0% in most developed countries. There is speculation that this will create high inflation in the near future.Which policy the federal governments may take in the future to reduce the budget deficit (Contractionary or Expansionary)? If the Canadian government decides to change (increase/decrease) the government expenditure by $80 billion in response to this goal of reducing the budget deficit, what would be the total estimated change in real GDP assuming that Canadian MPC is 70%, the average marginal tax rate is 25% and MPI is 8%. (Hint: use the expenditure multiplier