What caused the 2021-23 infation spike inCanada? And why did it come as such a surprise. In order to structure your discussion, you maychoose totouch on one or more ofthe following issues: (a)The macroeconomic consequences ofthe Covid-19andemic.(b)Othernotable worldevents during 2021-23,(c)Comparison withother countries, and with Canadianinfation in previous decades:(d)Which categories ofspending were most negativelyaffected by the increase in prices? Didanycategoriessee price reductions?(e)What turned out to be a short-run effect, and whatdo you think will have longer-lastingconsequences? You will nothave space to properlyaddress alloftheseYou are not required to address anyofthem. Make youlown choice. You should present a wel reasoned argument backed up byfacts, as well as economic theory. You will need to do someresearch and consult reputable sources* and of course youare required to cite your sources (see below).Use what youhave learned about in your economics courses.in readings.and in your own research, but do not be shy about critiquingyour sources if you think they get something wrong