1. The Line 5 pipeline originates in Alberta and supplies 40% to 50% of oil and gas to Ontario, Quebec, and eastern Canada. Line 5 flows through the U.S. state of Michigan, which has threatened to shut Line 5 down due to environmental and safety concerns.

Determine the effects of this action on Canada's:

a. GDP

b. Unemployment rate.

c. Long-run Supply of oil and gas

d. Long-run Demand for oil and gas

e. Inflation