Using this link: https://financialpost.com/news/economy/david-rosenberg-canada-recession-coming-2023-debt-housing-bubble

1. Describe the part of the business cycle that the economy is in, and explain how you know. Describe what is happening in terms of GDP, unemployment, and inflation in the economy. (use the given data from the article)

2. Describe the cause(s) of the particular business cycle that the economy is experiencing. Explain in detail about the business cycle in this particular article, What factors triggered this business cycle (which specific component(s) of GDP changed?) And how the circular flow is being affected by this?

3. Describe how monetary and fiscal policy could be used to address the situation.

- What specifically should the government and Bank of Canada do to help smooth out the business cycle, in this particular case? What effects would you expect these policies to have?

- If the article discusses monetary or fiscal policies that are already being used, describe what they are doing, and what effects they are supposed to have?