Question

The gdp of a country hasn’t improved in the past three years.the central bank decided to take a measure that will increase the amount of money people spend on goods and services. Which step should the central bank take .

Answer 1

The Country should reduce the interest rates

Step-by-step explanation:

Generally, The Central Bank will reduce the interest rate to allow banks to lend money at a lower rate, thus infusing the macro-economy with funding on medium to large ticket items.S

So that many people will be enticed to increase the amount spent.