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."
I don;t quite understand this, please explain this
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Principles of Economics
Authors: Gregory Mankiw
7th edition
128516587X, 978-1285165875
