Coronavirus how to tackle the economic crisis

What are the two main types of policies used by policymakers to address the economic impact of COVID-19?

• Monetary and Fiscal Policies

• Environmental and Social Policies

• Healthcare and Education Policies

• Trade and Industrial Policies

Which action is NOT one of the three types of measures taken by central banks to reduce economic consequences?

• Buying assets like government bonds

• Intervening in markets

• Increasing taxes

• Reducing interest rates

What is the primary goal of central banks reducing interest rates during the COVID-19 crisis?

• To decrease government spending

• To make borrowing easier for individuals and businesses

• To raise the value of the currency

• To increase inflation

What is the main intention behind governments subsidizing wages during the COVID-19 pandemic?

• To promote international trade

• To increase consumer spending

• To reduce government debt

• To prevent job and company losses during the crisis

How does quantitative easing help governments during the economic crisis?

• By decreasing the money supply

• By raising taxes

• By reducing borrowing costs for governments

• By increasing interest rates