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4. If there was no intervention from the federal government and the Bank of Canada, would...

4. If there was no intervention from the federal government and the Bank of Canada,
would the impact of the COVID-19 pandemic be the same on the economy

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Answer #1

Given statement is false and this is because if there was no intervention of Federal Government and the bank of Canada what would happen if there would be high amount of unemployment prevailing in the country as the companies might not have enough liquidity and that is the reason why in order to aid them and to prevent unemployment from increasing the bank of Canada and Federal government took measures and proposed loan schemes for big business over sales of $300 million annually that would help the Canadian economy to move forward and health companies so that they would not default on the whole.

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