Answer: By adjusting spending and tax rates (known as fiscal policy) or managing the money supply and controlling the use of credit (known as monetary policy), it can slow down or speed up the economy's rate of growth and, in the process, affect the level of prices and employment
Explanation:
A government can slow down or speed up the growth rate of an economy through the use of economic policies such as the Fiscal and monetary policies.
Fiscal policy refers to the use of taxation, borrowing and public expenditure to influence the level of economic activities.
Monetary policy refers to the combination of measures designed to regulate the value, supply and cost of money in an economy.
When applied to an economy, these policies could speed up or slow down the growth rate of that economy.
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