1.) The Philippine national government outlined different quarantine measures to mitigate the impact of the COVID-19 pandemic. Some LGUs have demonstrated a remarkable response to the pandemic, while others are 'good outliers' with respect to factors such as working population and ICU beds.
2.) Fiscal policy uses the government's power to spend and tax. When the country is in a recession, the government will increase spending, reduce taxes, or do both to expand the economy. When we're experiencing inflation, the government will decrease spending or increase taxes, or both.
Answers & Comments
1.) The Philippine national government outlined different quarantine measures to mitigate the impact of the COVID-19 pandemic. Some LGUs have demonstrated a remarkable response to the pandemic, while others are 'good outliers' with respect to factors such as working population and ICU beds.
2.) Fiscal policy uses the government's power to spend and tax. When the country is in a recession, the government will increase spending, reduce taxes, or do both to expand the economy. When we're experiencing inflation, the government will decrease spending or increase taxes, or both.