Imagine that the Canadian federal government decides to introduce a Universal Basic Income (UBI) program. Under this program, every individual aged 18+ in Canada would be granted a monthly payment of $1000 with no requirements other than being a resident of Canada. Describe the expected impact of such a program on labour markets in Canada. Specifically, describe the impact of such a program on; an individual's labour supply, overall employment level, and wages. Furthermore, argue whether this program would increase or reduce the utility of UBI recipients