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Explain four major economic roles of government

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Reference no: EM132600546

1 Government in all economies play an active economic role. Jamaica:

i. Identify and explain four major economic roles of government.

ii. Explain what fiscal and monetary policies are giving two examples of the tools used in each of these policies.

iii. If the economy is in recession what type of fiscal policy would the government use to try to end the recession?

iv. Give an example of this occurring in Jamaica.

v. What is meant by crowding out by the government?

vi. How may fiscal policy cause crowding out?

2 What is consumer and business confidence and how do these affect the current and Future economic performance of the Jamaican economy in the current period of a Covid Pandemic.

Reference no: EM132600546

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