FOR REFERENCE , QUESTION IS BELOW IT!

The COVID virus has had an impact on all faucets of our economy. Please discuss the impact it has had on each of the variables below over the next 12 months. Explain if each of the items from the GDP and Canadian economy will increase, decrease or remain unchanged and the reasoning behind your decision.

1.The prime interest rate (Interest rate offered by commercial banks to their best customers)?

2.The supply of money (M1)

3.The unemployment rate

4.The value of our dollar in comparison to the US dollar

5.Overall value of the GDP

6.Government budget (Taxes - Government spending)