The last couple of years, the Canadian economy has experienced one of the highest inflation rates in decades.

1. Discuss what this has meant for you directly.
2. As a way to stabilize inflation, the Bank of Canada increased interest rates significantly and very quickly. How were you (or your family) impacted? Do you agree or disagree with this policy?
3. In your opinion what should the Bank of Canada do going forward?

Provide your personal opinion and experience. Explain in detail and substantiate your answers.

Response should be a detailed, organized, and well thought out answer. Make sure you apply economic concepts and you substantiate your answers/opinions.