Given our current place in the business cycle, what fiscal and monetary policy measureswould you enact if you had the powers of both the Bank of Canada & the Government ofCanada? Assume you are Chrystia Freeland and Tiff MacklemTips:- Remember to consider microeconomic and macroeconomics concepts such as inflation,interest rates, unemployment etc. and do not neglect to explicitly say where you think wecurrently are in the business cycle and why.- Be sure to cite all sources used.- If you have questions, ASK! Do not wait until after you hand it in.- two or three page report.- Include a bibliography in addition to the report (if necessary)