The government of Ruritania has implemented many programs that promote equality,but has become concerned about the very slow rate of growth that has plagued the national economy for many years.In order to address this problem,the government is likely to:
A)reduce taxes and cut back on some social programs.
B)avoid the use of fiscal policies and reduce the supply of money in circulation.
C)take control of more major industries.
D)make sure to balance its budget.

Question

Quizplus · Accepted Answer

Reducing taxes and cutting back on some social programs can stimulate economic growth by increasing disposable income and providing businesses with more resources to invest and expand. This approach is often used by governments to promote economic growth. Avoiding fiscal policies or reducing the supply of money in circulation can lead to a further slowdown in the economy. Taking control of major industries can lead to inefficiencies and reduce innovation, ultimately harming economic growth. Balancing the budget is important but may not be sufficient on its own to stimulate economic growth.

The Government of Ruritania Has Implemented Many Programs That Promote