Over the years,the government of Montivia has focused on implementing programs that promote equality.On the short-term,though,Montivia legislators are concerned about the very slow rate of growth that has plagued its national economy.In order to address this problem,the government is likely to:
A)Take control of more major industries.
B)Reduce taxes and cut back on some social programs.
C)Make sure to balance its budget.
D)Avoid the use of fiscal policies and reduce the supply of money in circulation.

Question

Quizplus · Accepted Answer

Reducing taxes and cutting back on some social programs can stimulate economic growth by encouraging private investment, providing businesses with more money to invest and hire workers. This approach can be more effective in the short term than taking control of more major industries, balancing the budget or reducing the money supply, which takes longer to have an effect on the economy.

Over the Years,the Government of Montivia Has Focused on Implementing