suggest measures to overcome the present economic crisis
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suggest measures to overcome the present economic crisis
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Answer:
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Explanation:
Income tax cuts – increasing the disposable income of workers, encouraging them to spend. Monetary policy – When Central Bank influences demand and supply of money. Cutting interest rates – makes borrowing cheaper and should increase the disposable income of firms and households – leading to higher spending.
5 Tips to Overcome a Financial Crisis
* Identify the Problems. The first step to overcoming financial crisis is to identify the primary problem that is causing difficulties. ...
*Create a Budget. One of the best ways to deal with financial problems is creating a budget plan. ...
* Set Financial Priorities. ...
* Address the Problem. ...
* Develop a Plan and Track Progress
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Answer:
Cutting interest rates – makes borrowing cheaper and should increase the disposable income of firms and households – leading to higher spending.
Quantitative easing – when Central Bank creates money and buys bonds to reduce bond yields