In a short essay, worth 30 marks, describe the monetary and fiscal policy that our government is using TODAY. (By this I mean I last month). In your essay you will want to touch onthe following topics:

Where is Canada at in the business cycle?

What kind/type of monetary policy is being used? What kind/type of fiscal policy is being used?

How has the monetay policy of the Bank of Canada evolved in a post-covid Canadian economy? Give specific examples.

How has the fiscal policy of the Canadian government evolved from a pre-covid economy to a post-covide economy? Give specific examples.