What would be the stated purpose of policy

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Suppose a fourth wave of Covid 19 crosses the country and the government imposes another lockdown, even more restrictive from the last. This lockdown basically cancels all seasonal holidays and shuts down retail stores across the country. Online shopping is available, but the government is prohibiting gatherings of any type outside of your immediate family.

-Speculate on whether you expect to see inflation or deflation in Canada and why.

-What kind of monetary policy do you expect the Bank of Canada to use in the event of a fourth wave and national lockdown? You must state the term/name for the kind of fiscal policy the government would use.

-What would be the stated purpose of this policy?

-Describe which two tools would the government use to achieve this policy.

Reference no: EM133089682

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