What Are the Tools Available to Governments to Mitigate Cycles

question 244

Essay

What are the tools available to governments to mitigate cycles of boom and bust? Why do these tools fail?

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Definitions:

QBO

Refers to QuickBooks Online, an accounting software based in the cloud, aimed at assisting small to medium businesses.

Expenses

The costs incurred by a business or individual in the process of earning revenue.

Deposit in Transit

A sum of money transferred or sent to a bank account but not yet recorded in the account's available balance, often due to processing times.

Outstanding Check

A check that has been written by a company but has not yet been cashed or cleared by the bank.