How did the government help the economy? the economy of country y has experienced increased unemployment and reduced gdp for six

Question

2 years ago

8

months. the government therefore decides to implement fiscal policy that increases and reduces .

1 answer:

Arada [10] · Answer 1 · 2023-06-15T14:34:05+03:00

Government fiscal policy measures would lower tax rates and expand the money supply.

<h3>What is the economy?</h3>

An economy is a region where products and services are produced, distributed, traded, and consumed.
It is generally understood to be a social domain that emphasizes the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources.
One's culture, values, education, technological advancement, history, social organization, political structure, legal system, and natural resources are all major determinants of an economy's processes.
These elements determine the parameters and conditions under which an economy operates in addition to providing background and content.
In other words, the economic realm is a social domain made up of connected human behaviors and exchanges that cannot exist independently.

<h3>What do you mean by the government?</h3>

An organized community is governed by a system or group of individuals, typically a state.
Government often consists of the legislative, executive, and judicial branches in the case of its broad associative definition.
Government is a tool for making policy decisions as well as a way to enforce organizational policies.
A declaration of the government's guiding principles and philosophy is the equivalent of a form of constitution in many nations.

Learn more about the economy here:

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