The behavior of the current account deficit and the government budget deficit in Canada in 1973-1975 and during the period of the early 1990s to 2002 is often referred to as the

Question

Quizplus · Accepted Answer

The behavior of the current account deficit and the government budget deficit in Canada during these two periods is often referred to as the "twin deficits." This term refers to the simultaneous occurrence of a budget deficit and a current account deficit.

The Behavior of the Current Account Deficit and the Government