During the coronavirus pandemic, people tried to stay home as much as possible and save their money. Now that the pandem

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During the coronavirus pandemic, people tried to stay home asmuch as possible and save their money. Now that the pandemic ismore or less over, they are travelling more, eating out more, andspending more. In other words, they are in a mood to spend more.Some observers have started calling this phenomenon “revengespending.”
(i) All else equal, how does the higher desire to spend bypeople affect the market for goods and services? Using a demand andsupply diagram for cars as an example to explain your answer.
(ii) How is “revenge spending” likely to affect Canada’seconomic performance indicators (i.e., real GDP, inflation,unemployment rate), all else equal?