3 ways that the government can stimulate the economy
- Cutting borrowing interest rates – this makes it easier for businesses to get loans
- Cutting corporate taxes – this makes it easier for corporations to spend and invest in their business as well as hire more people.
- Cutting PERSONAL taxes – This is probably the most effective of the three. It puts money directly in the hands of the largest consumer base. Their spending stimulates both the local economy as well as larger corporations.
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