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One of the important facets in this question is thehigh unemployment problem. This must be solved in the short-run period, not the long run. So
One of the important facets in this question is thehigh unemployment problem. This must be solved in the short-run period, not the long run. So any action taken should have short-run results preferably. Therefore, the answer to this question is dependent on solving the high unemployment situation in the shortest period of time, because it will turn into a social and political issue quickly. Most economists would agree with the choice of making borrowing from banks easier as per monetary policy. This frees up money for business expansion, investment, hiring workers, and spending. Easier borrowing from the banks also contributes to consumers borrowing and spending more, which directly boosts the economy and the multiplier. Tax incentivesincluding credits, exemptions, and deductionsare one of the primary tools that provinces can use to try to create jobs, attract new businesses, and strengthen their economies. These incentives are also major budget commitments, and will collectively cost the provinces billions of dollars a year. Consequently, before allocating this money for tax incentives to businesses, policymakers across Canada must demand high-quality information on the results of the tax incentives they are about to approve. Whatspecific types of resultsinformation would you ask for if you were the premier of your province
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