Question
The World Health Organization (WHO) declared last March 15, 2020 that Corona Virus Disease (COVID-19) was considered as pandemic worldwide. The international and domestic markets
The World Health Organization (WHO) declared last March 15, 2020 that Corona Virus Disease (COVID-19) was considered as pandemic worldwide. The international and domestic markets particularly our country was affected for more than a year resulted to economic recession since the unemployment rate of the country rose to 17.7% and Gross Domestic Product (GDP) registered -9.5% for 2020 according to the Philippine Statistics Authority (PSA, 2021). As a senior high school student, how would you apply the concepts of monetary and fiscal policies to address the economics problems of the Philippines today.
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