Perfect.
I want to ask you something that builds on a question that Mr. Fraser posed to you at the end of his line of questioning.
Suppose, for a moment, that Canada had followed a minimal approach and had not introduced the Canada emergency response benefit, the wage subsidy program, the rent support program that we've seen for businesses or the Canada emergency business account that have of course been introduced. What would be the economic impact of that? I know you haven't modelled that and your officials haven't worked on that. However, you did say that it's an interesting sort of thought experiment. You study the economy. This is your expertise. What would you say, if posed a question in those terms?
If Canada had not introduced these programs, what would the net effect be on the economy, taking into account the most obvious thing, which is that the economy is ultimately about people? If people are suffering, certainly our economy would suffer in ways that we've never seen before, I would assume. I'm not going to put words in your mouth, but could you build upon that?