Last month the Canadian Federal Government unveiled their new Budget, in which the Government will spend an additional $101 billion in Stimulus to help fight the Covid recession. The Government projects a Federal Deficit of $354.2 billion for the 2021-2022 fiscal year. That is more than the combined total deficits Canada has had since 2009 (we were in Surplus prior to this for many years). a) How does a Country like Canada (or in this case, it's Federal Government) pay for this spending? Explain two ways. Is there a limit to how much they can spend? (3) b) What is Crowding-Out? What action can the Bank of Canada take to prevent it from happening? (3) c) Given the above, what is a potential long-term negative consequence of Canada's continued issuing of debt to help pay for this? (1) d) The Canadian Federal Government projects decifics into at least 2027. What does this mean? If they wanted to issue 100-year bonds to pay for these deficits, would it be rational for you to buy one? Why or why not? (3)