Kenyans are facing serious economic crisis due to inflation. State four measures that can be taken by the government to control it.

      

Kenyans are facing serious economic crisis due to inflation. State four measures that can be taken by the government to control it.

  

Answers


Maurice
- Restricting imports – reduce the quality of import in the country
- Increase interest rates- to discourage borrowing
- Increase bank reserves – leave commercial banks with less money
- Import substitution – to depend on locally produced goods
- Curb powers of trade unions – that fight for high wages.
- Control money supply – reduce supply
- Control level of demand- lower demand
- Cost control – control factors leading to inflation for example increase wages
maurice.mutuku answered the question on August 19, 2019 at 12:49


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