The government of South Africa responded to the COVID 19 pandemic by implanting a number of short-term measures to save the economy. Using the Aggregate Demand- Aggregate Supply (AD-AS) model can be used to illustrate that by choosing the right combination of measures (policies) it is possible for the economy to grow and ease the distress on the economy. Discuss four demand-side measures that policy makers can implement to expand the economy?
The government of South Africa responded to the COVID 19 pandemic by implanting a number of short-term measures to save the economy. Using the Aggregate Demand- Aggregate Supply (AD-AS) model can be used to illustrate that by choosing the right combination of measures (policies) it is possible for the economy to grow and ease the distress on the economy. Discuss four demand-side measures that policy makers can implement to expand the economy?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The government of South Africa responded to the COVID 19 pandemic by implanting a number of short-term measures to save the economy. Using the Aggregate
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The pandemic has slowed down the economy of the country. Resulting there is lower demand and high unemployment. Since the rising unemployment level means the lower purchasing power of the people.
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