Notesale: Turn your study into money

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Answer the following
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Ex
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Produce such as vegetables, meat, and fruits used to be inexpensive, and having P500 can
purchase those products
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Recession- Is a decrease or the slowing down of economic activity or growth of a particular country
due to a negative or decline in GDP for a certain period
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A country like Lebanon is experiencing a recession as the country's GDP is declining due to
high inflation
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Lebanon's unemployment increased, and consumer spending decreased;
contribution to the country's GDP slowed down, and the economy weakened
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It is also marked by an excessive
and rapid increase in prices in general, frequently leading to the weakening of the nation's currency
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In a country like Venezuela, hyperinflation is being experienced by the Venezuelans
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36, cheaper and more affordable
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Ex
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The crash caused a severe decline in stock prices, eroding people's wealth
and triggering a wave of economic panic
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Ex
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The business is cutting down the supply of raw materials, and labor is expensive
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The slow sales of the
business also cause slow production of goods and slow economic contribution
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Monetary Policy main objective is to
control the money supply that affect the economy of a certain country
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More than one country experienced a shutdown of the economy during COVID-19's first year
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Lower interest rates can incentivize consumer spending and boost overall economic activity
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The fiscal policy typically implemented
through the government's annual budgetary process
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When a country faces a significant economic downturn, tax reduction is used to stimulate
consumer spending and business investment, and the government reduces taxes
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