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For over a year now the global pandemic has wreaked havoc on the lives of literally billions of people. At the time of writing, all
For over a year now the global pandemic has wreaked havoc on the lives of literally billions of people. At the time of writing, all of the provincial governments and the federal government of Canada along with most other countries have either "locked down" or restricted economic activity in some way. A) The effects of this restriction are shown, in part, in FNL Figure 6. What do Curves A & B represent? Specifically, what might cause such a shift? Can this shift be remedied, in part by fiscal policy - explain? (3 points) B) The effects of this restriction are also shown. in part in FNL Figure 7. What do Curves A & B represent? Specifically, what might cause such a shift? Can this shift be remedied, in part by fiscal policy - explain? (3 points) C) The effects of this restriction are also shown, in part, in FNL Figure 8. What do Curves A & B represent? Specifically, what might cause such a shift? Can this shift be remedied, in part by fiscal policy - explain? (3 points)
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