You work as a regional manager for a casual-dining restaurant chain that operates in the US and Canada. The company CEO has asked you to work with a team of colleagues to solve some important problems that are slowing the firm's plans to expand beyond the North American market. In particular, inflation in food and non-food supply costs has slowed in the past year but costs are still going up. Also, wage rates are about 25% higher than in 2019, and employee turnover is a problem. Finally, you have raised retail prices but still struggle to cover the higher costs, so profits are stagnant. Your team has been asked to provide a brief summary of the expected outcomes for the US and Canadian economies for the coming year. The purpose of this task is to determine if the firm's profits will likely decline, improve, or remain the same. Then, you should provide three proposed changes to the current business that will help to resolve these problems and increase profits. Also, you should acknowledge any key risks or drawbacks associated with your plans. To support your proposals, you should rely on economic concepts from this class