During the 1990s the Canadian economy experienced on average __________ output gap. In the past five
Years the output gap has been _____________ on average.

Question

Quizplus · Accepted Answer

During the 1990s, the Canadian economy often faced a recessionary output gap, indicating that actual output was below potential output. In the past five years, the output gap has been small and positive, suggesting that the actual output has been closer to or slightly above the potential output, indicating an improvement in economic performance.

During the 1990s the Canadian Economy Experienced on Average __________