How was Canada’s budget deficit of 2013 influenced by the Bank of Canada’s low interest rate policy? a. How would the budget deficit change in 2015 and 2016 if the Bank of Canada moved interest rates...

How was Canada’s budget deficit of 2013 influenced by the Bank of Canada’s low interest rate

policy?

a. How would the budget deficit change in 2015

and 2016 if the Bank of Canada moved interest rates up?

b. How would the budget deficit change in

2015 and 2016 if the Bank of Canada’s monetary policy led to a rapid appreciation of the

dollar?