<u>The correct order for the steps that show how contractionary fiscal policies work would be the following</u>:
-Government increases tax rate
-Inflationary pressure decreases
-Consumers have less money to spend
-Producers manufacture fewer goods
Contractionary monetary policy is often applied <u>when the economy is suffering from inflationary pressure</u>. The central bank (U.S. Federal Reserve) will <u>slow down the monetary supply</u>. In turn, this raises the cost of borrowed money, which <u>decreases Gross Domestic Product and inflation</u>. Some negative side effects could be a higher unemployment rate.
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Answer:
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Answer:
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Explanation:
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Short term:
•Unification of Mongolia.
•Immediate decline of Jin Dynasty in •China as well as several Central Asian nations including the Kwarezmid Empire.
•Establishment of the Mongol Empire.
•Unification of much of Central Asia, •Northern China, and Mongolia.
•Significant number of deaths (in the millions) resulting from wars and Mongol tactics.
Long Term:
•Increased trade between East and West as the Silk Road was united under one empire.
•Increased cultural exchange between east and west.
•Possibility of the accelerated spread of the Black Death due to the interconnectedness of East and West during the Mongol empire.
•Collapse of the Song Dynasty under Kublai Khan.
•Several descendent states and families from Ghengis Khan which continued to influence course of history in the West, Central, and Southern Asia including the Crimean Khanate, the Golden Horde among others.
•Rise of the prominence of Moscow.
