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Economics
QID: #64304
Subject: Economics
Status: Verified Solution Available
To mitigate the harmful effects of covid 19 on the Canadian economy, the Government of Canada has implemented several budgetary measures including:
-Canadian emergency service.
-the Canadian emergency benefit for students.
-the emergency wage subsidy from Canada.
-the emergency account for Canadian businesses.
-the deferral of the payment of taxes.
Question:
A. assume the Canadian economy was at full employment before the Covid. Because of the Covid19 pandemic, will the Canadian economy be in a balanced state of underemployment?
Justify your answer.
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