Question
Due to the COVID-19 pandemic, the Canadian federal government increased its borrowing in order to make the necessary temporary investments to stabilise the Canadian economy.
"Due to the COVID-19 pandemic, the Canadian federal government increased its borrowing in order to make the necessary temporary investments to stabilise the Canadian economy. The COVID-19 pandemic resulted in low interest rates, as monetary policy was used to bolster the fiscal policy initiatives."
Please explain this sentence I don't quite understand it
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
