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Please help! Tutors keep saying this is an incomplete question, but it is all the information given! 10. The Global insight (GI) forecasting rm predicted

Please help! Tutors keep saying this is an incomplete question, but it is all the information given!

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10. The Global insight (GI) forecasting rm predicted that the Canadian economy would bounce back by a stronger-thanexpected 1.0 percent on an annualized basis in the third quarter of 2012 and with a further 0.1 percent in the fourth quarter of 20 l 2. The rm also expected moderate growth overall in 2013. (10 marks) I a. What evidence did GI present to support the View that Canada had entered a recovery? (2 marks) b. Use a short-rim Phillips curve to explain Why the ination rate may have increased over the course of 2012. (4 marks) c. Under what circumstances might the ination rate not have increased during 20 12? (4 marks)

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