How and why government and central bank of an economy try to achieve economic growth?

Economics Sep 07, 2020

Expert Solution

A government and central bank can set out to determine the rate of economic growth through demand-side and supply-side plans , Expansionary budgetary plans- cutting taxes to build up nonreturnable income and uplift spending. However, lower taxes will build up the budgeted losses and will lead to higher borrowing.

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