The Canadian recessions of the early 1980s and the early 1990s were both associated with attempts by the Bank of Canada to produce

Question

Quizplus · Accepted Answer

Both recessions were a result of the Bank of Canada attempting to reduce inflation through a policy of disinflation, which involved reducing the rate of inflation without causing deflation. This was achieved through a combination of monetary and fiscal policies, including raising interest rates and reducing government spending. However, the short-term pain of disinflation led to economic slowdowns and recessions.

The Canadian Recessions of the Early 1980s and the Early