1. Suppose the bank of Canada conducts open market sale, briefly describe how unemployment rate and price level will be affected in the economy, 2. Suppose goods and services in Europe become cheaper...

1. Suppose the bank of Canada conducts open market sale, briefly describe how unemployment rate and price level will be affected in the economy,

2. Suppose goods and services in Europe become cheaper compared to goods and services in Canada, what would happen to the Canadian dollar against the Euro - appreciate or depreciate? Explain.