<span>He is likely from a collectivist culture. These cultures look at the family or group as a whole unit for the successes and failures of a person. The individual tends to take a back seat and their own personal achievements are less important than the reactions and approval of everyone in the group.</span>
<span>Politics and culture. </span><span>The Crusades influenced the attitude of the western Church and people towards warfare
</span>
<span>Social Contract is defined as the rights and obligations of
citizens to the government. This can be
seen through the laws that people must obey when they are in a country. In the 18th century, the concept
of social contract is that man surrenders some of his freedom in exchange for
the benefits and protection that the state provides. Some state that it rises from natural law
where people obey the government in exchange for the protection of their
rights. Still if the conditions imposed
on them is unfair, then they have right to challenge those conditions.</span>
Answer:
The statement recognizes that fiscal policy is not enough to keep an economy at full employment and with low inflation levels for a long period of type.
Explanation:
First of all, it is widely accepted by economists that society faces a short-term trade-off between inflation and employment. The reason for this is that controlling inflation in the short-term requires limiting the amount of money circulating in an economy, and less money means less saving, less investment, and thus, less employment. Hence, we can conclude that balance full employment with low inflation is extremely hard.
Secondly, fiscal policy by itself is not effective in controlling inflation. Inflation is the main goal of monteray policy, which is set by the central bank (in the United States, the Federal Reserve system), and uses a set of tools to achieve the aim of low inflation.
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