Assignment
For this assignment you can get information from any source (e.g. book, magazine, newspaper, web etc.) however you must provide source reference both inside text and at the end of each question. You can use APA referencing style. Your work would be scanned through SafeAssign, therefore, please make sure you submit your own original work. You must submit this part before December 11th at 11:59pm. Grading of final assignment will consider: how you relate theories/concepts learned in class with their applications in these questions, quality, clarity, depth of analysis and rational. For each question, you can write maximum of two pages. For this part, you can write maximum of 6 pa ges with 1.5 line spacing. You can use Time New Roman, Arial or Calibri font. Each day of late submission will incur a penalty of 20% deduction of marks from the scored grade. Answer the following questions:
I. Describe how the Bank of Canada is trying to combat current situation caused by COVID-19. Discuss the pros and cons of this new policy. Your arguments should be based on the prevailing economic situation in Canada.
II. Due to hike in the interest rates in recent months from Bank of Canada, many economists are predicting that the next year 2023 would be a recession year. What are the main reasons for economists to predict that the country can go into recession next year? If this scenario becomes true, what would be your recommendations for the government to fix this problem by using fiscal policy? Bus400 Final Assignment (A. Tariq) 2022 Pa ge 3 of 3 Version A
III. Remember the concept of aggregate demand (AD) and aggregate supply (AS), what measures can a government take to promote long-term economic growth in the country? Discuss with rational. NOTE: For this question ignore current situation of COVID-19.