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In: Economics

Explain what the impacts of COVID-19 crisis on inflation are. Do you think Canadian economy might...

  1. Explain what the impacts of COVID-19 crisis on inflation are.
  2. Do you think Canadian economy might face hyperinflation due to COVID-19 crisis? Why or why not? Explain.
  3. What should the Bank of Canada do if COVID-19 crisis leads to a hyperinflation in Canada? You can discuss about controlling or easing money supply though interest rate.

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Expert Solution

Rahul Sunny answered 1 year ago
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