In the mid-1990s,Canada was experiencing large budget deficits,high levels of government expenditures as a share of the economy,and double-digit unemployment rates.Canadian policy-makers responded to this situation by

Question

Quizplus · Accepted Answer

Canadian policy-makers responded to the situation of large budget deficits, high levels of government expenditures, and double-digit unemployment rates by cutting government spending. This was aimed at reducing the budget deficit and improving the country's fiscal situation. This policy was combined with other measures such as debt reduction and structural reforms aimed at improving the long-term health of the economy. The focus on reducing government expenditures helped to restore confidence in the Canadian economy and paved the way for future growth and prosperity.

In the Mid-1990s,Canada Was Experiencing Large Budget Deficits,high Levels of Government