The Ontario government, in their March 2023 budget, expects to spend 6 billion more on health care than a year ago. (10 Marks)

1. Describe the possible effects of this extra spending on the Ontario economy in 2023 regarding unemployment, inflation, investment, and GDP. (7 Marks
2. If you were the Ontario finance minister, with a budget surplus planned for 2023, outline any fiscal measures you would take (if any) to change the economic outlook for 2023 and early 2024? (3 Marks)

Answer rating: 100% (QA)

Effects of Extra Spending on Health Care The Ontario governments decision to spend an additional 6 billion on health care could have several potential ... View the full answer