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Cdn Bus Assignment 1.docx - Canadian Business (BUSN-0121)...

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Canadian Business (BUSN-0121)Assignment 1This assignment is marked out of 30 and is worth 6% of your final grade. Your answers should be nomore than a page in length and must adhere to Assiniboine Community College’s grammar, spelling andpunctuations guidelines.1)(10 marks)The above graph shows Canada’s national unemployment rate for the period 2007-2017. It shows thatunemployment was stable (about 6%) from 2007-09, increased sharply from 2009-10, and then trendeddown from 2010-2015.From 2015 to present the unemployment rate has been stable at about 7%.a)Identify the periods where the economy was expanding or contracting. What would youexpect the inflation rate to be during the economy’s expansionary phase; what would theinflation rate be during the economy’s contractionary phase?
b)What policies might the Bank of Canada have used to decrease the unemployment rate, i.e.,stimulate the economy during the year 2009? How exactly do these policies stimulate theeconomy?

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