Macroeconomics question

3. Explain why the Crowing out effect cannot be a problem during the economic recession. 4. Suppose that a person's nominal income increases from $100,000 to $110,000 and the CPI rises from 100 to 115. How would the person's real income change? Show your calculations. 5. Suppose the Canadian hot housing market attracts many foreign investors. How could this influx of foreign investment affect the Canadian balance of payments