According to an article in the Globe and Mail, Finance Minister Jim Flaherty stated at a meeting with provincial ministers in 2010 : "Canada must avoid heading in the same direction as the European Union, where many countries are in the throes of a debt crisis." He also called on provincial ministers to eliminate their deficits by 2015 . How might the economy suffer from large federal deficits? How can the provincial governments rein in their budget deficits? Karen Howlett and Bill Curry, "Rein in Deficits or Risk EU-Style Crisis, Jim Flaherty Warns Provinces," Globe and Mail, December 20, 2010, http://www.theglobeandmail.com/news/politics/. Large federal deficits result into A. a bailout that refers to increase in interest rates and lower investment spending. B. reduced production capacity of the economy, but lower inflation level due to a decrease in the federal debt. C. lower tax wedge that discourages incentives to work or start a business. D. an increase in the federal debt and can discourage investment spending. Provincial governments can "rein in" the federal budget deficit by , which would decreasing government spending or increasing taxes increasing government spending or cutting taxes decreasing the money supply increasing the money supply According to an article in the Globe and Mail, Finance Minister Jim Flaherty stated at a meeting with provincial ministers in 2010 : "Canada must avoid heading in the same direction as the European Union, where many countries are in the throes of a debt crisis." He also called on provincial ministers to eliminate their deficits by 2015 . How might the economy suffer from large federal deficits? How can the provincial governments rein in their budget deficits? Karen Howlett and Bill Curry, "Rein in Deficits or Risk EU-Style Crisis, Jim Flaherty Warns Provinces," Globe and Mail, December 20, 2010, http://www.theglobeandmail.com/news/politicsl. Large federal deficits result into A. a bailout that refers to increase in interest rates and lower investment spending. B. reduced production capacity of the economy, but lower inflation level due to a decrease in the federal debt. C. lower tax wedge that discourages incentives to work or start a business. D. an increase in the federal debt and can discourage investment spending. Provincial governments can "rein in" the federal budget deficit by , which would.

1. According to an article in the Globe and Mail, Finance Minister Jim Flaherty stated at a meeting
with provincial ministers in 2010 : "Canada must avoid heading in the same direction as the
European Union, where many countries are in the throes of a debt crisis." He also called on
provincial ministers to eliminate their deficits by 2015 . How might the economy suffer from
large federal deficits? How can the provincial governments rein in their budget deficits? Karen
Howlett and Bill Curry, "Rein in Deficits or Risk EU-Style Crisis, Jim Flaherty Warns
Provinces," Globe and Mail, December 20, 2010,
http://www.theglobeandmail.com/news/politics/. Large federal deficits result into A. a bailout
that refers to increase in interest rates and lower investment spending. B. reduced production
capacity of the economy, but lower inflation level due to a decrease in the federal debt. C. lower
tax wedge that discourages incentives to work or start a business. D. an increase in the federal
debt and can discourage investment spending. Provincial governments can "rein in" the federal
budget deficit by , which would decreasing government spending or increasing taxes increasing
government spending or cutting taxes decreasing the money supply increasing the money supply
According to an article in the Globe and Mail, Finance Minister Jim Flaherty stated at a meeting
with provincial ministers in 2010 : "Canada must avoid heading in the same direction as the
European Union, where many countries are in the throes of a debt crisis." He also called on
provincial ministers to eliminate their deficits by 2015 . How might the economy suffer from
large federal deficits? How can the provincial governments rein in their budget deficits? Karen
Howlett and Bill Curry, "Rein in Deficits or Risk EU-Style Crisis, Jim Flaherty Warns
Provinces," Globe and Mail, December 20, 2010,
http://www.theglobeandmail.com/news/politicsl. Large federal deficits result into A. a bailout
that refers to increase in interest rates and lower investment spending. B. reduced production
capacity of the economy, but lower inflation level due to a decrease in the federal debt. C. lower
tax wedge that discourages incentives to work or start a business. D. an increase in the federal
debt and can discourage investment spending. Provincial governments can "rein in" the federal
budget deficit by , which would