Exercise 1 A) Compare the monetary policy advocated by the monetarists and the current monetary policy of the Bank of Canada. B) Why is a few exceptions, the current monetary policy of the Bank of Canada can stabilize economic activity and real GOP along with inflation while the policy does not have as a goal the stabilization of economic activity? C) Is the Long Run Aggregate supply curve LAS upward sloping? Why or not? D) Are there many Short Run Aggregate Supply SAS Curves and LAS curves and why? E) When does a SAS shift upwards and why? F) What are the conditions for an increase in the growth rate of money supply not to result in a change in employment, Aggregate Quantity Supplied AQS, and Aggregate Quantity Demanded