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cestrela7 [59]
1 year ago
9

What should the west be doing to keep healthy economies? what are their options?

Business
1 answer:
Korolek [52]1 year ago
4 0

Answer:

The west should pursue policies that encourage economic growth and stability. Their options include:

1. Pursuing sound monetary policies that promote economic growth and stability.

2. Adopting pro-growth fiscal policies that help to increase government revenue and reduce government spending.

3. Promoting free trade and investment that allow for the efficient allocation of resources and the maximization of economic growth.

4. Pursuing policies that increase the flexibility of their economies and allow for a quick response to changing economic conditions.

5. Encouraging entrepreneurship and innovation that lead to new products and services and create jobs and economic growth.

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Explanation:

A decrease in the supply results in many buyers competing for very few goods. If the demand is constant, the quantity supplied and price have an indirect relationship. A decrease in the volume of supplied results in an increase in price. Many buyers will be competing for a few products causing the equilibrium price to increase.

A decrease in supply will cause the quantity available for buyers to buy to decline. Consequently, the volume purchased will be fewer.  Equilibrium quantity will, therefore, decrease.

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