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Essay text:
When taken all into consideration, these
goals give an indication of how well Canada has been doing and the stage of the
business cycle the Canadian economy is in. In 1996-1997, Canada is in slight
recession and is only meeting the goals of economic stability, and viable
balance of payments.
Canada can be said to be in a period of slight recession because there is
a downswing in economic activity. To confirm a true recovery, "an economy must
show no growth for two consecutive quarters." However, Canada is not in a true
recession because there was a 3.0% growth in the third quarter, compared to
2...
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