Part 1: The state of the Canadian economy in April 2006

This part consists of three short-answer questions and one multiple-choice question. The number of points awarded per question will be indicated to you as you go along.Instructions: For short-answer questions, answer in the space provided.For the multiple-choice question, select the answer you think is right.Referring to the following statement, answer questions 1 to 4.In the press release you read, it says that:"All things considered, the Bank believes that the Canadian economy is operating at a level equal [...] to its productive capacity.

1)Identify the type of equilibrium (full employment, underemployment or overemployment) that characterized the Canadian economy in April 2006 as described in the quote above.

2)Which graph represents the situation that prevailed in April 2006 on the goods and services market?

Oa. Marche des biens et services Niveau des OALT prix OACT X DA PIB reel Ob. Marche des biens et services Niveau des OALT prix OACT X DA PIB reel O c. Aucune de ces reponses. Od. Marche des biens et services Niveau des prix OACT OALT DA PIB reel