Question

Explain how a government is able to slow down or speed up the economy's rate of growth. (Site 1)

Answer 1

Answer:

By changing spending and taxes/ tax rates (called fiscal policy) or managing the money supply and controlling the use of credit (known as monetary policy), it can slow down or speed up the economy's rate of growth and, in the process, affect the level of prices and employment.

Explonation:

sample response edge 2020

Answer 2

Answer:

By changing spending and taxes/ tax rates (called fiscal policy) or managing the money supply and controlling the use of credit (known as monetary policy), it can slow down or speed up the economy's rate of growth and, in the process, affect the level of prices and employment

Explanation:

So pretty much they just use Fiscal policy's and tax rates to control it.