Which can be changed more quickly; monetary policy or fiscal policy?Briefly explain.

If the Bank of Canada believes the economy is about to fall into recession, what actions should it take?If the Bank of Canada believes the inflation rate is about in increase, what actions should it take?

Give the formula for the simple deposit multiplier.If the desired reserve ratio is 20%, what is the maximum increase in chequing account deposits that will result from an increase in the bank reserves of $20,000?