Interest Rates= Government policy can influence interest rates
Higher rates=also lead to decreased consumer spending
Lower interest rates=attract investment as businesses increase production
<u>Answer
</u>
The social science that has been used here is economics.
<u>Explanation:
</u>
- The discipline of economics has a vast scope of range and applicability.
- It is not only concerned with the finances but also with the planning and utility of resources.
- The knowledge of economics is critical for the development of an individual as a sound and responsible citizen.
- Economics is also closely associated with many other branches of social science like that of geography, political science, etc.
The post world war II record shows that recessionary gaps may be long-lasting because <u>deflation</u> tends not to occur.
Deflation is when customer and asset prices lower over time, and shopping power will increase. Essentially, you may buy greater goods or offerings the day after today with the identical amount of cash you've got nowadays. this is the replicate picture of inflation, that is the gradual growth in costs across the economy.
Deflation is when the charges of products and offerings decrease throughout the complete economic system, increasing the shopping power of clients. it is the opposite of inflation and may be taken into consideration as terrible for a state as it can signal a downturn in an economic system, leading to a recession or despair.
A recessionary gap, or contractionary gap, happens when a rustic's actual GDP is decreased than its GDP at complete employment. Recessionary gaps near when actual wages go back to equilibrium, and the number of exertions demanded equals the amount supplied
Learn more about deflation here brainly.com/question/13562161
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Answer:
Water has been a source of electricity to people
Water has brought development in America.
Answer:
NFC technology
Explanation:
NFC stands for near-field communication , which consist of a set of protocols that allows two devices to exchange information.
In the examples above, the flow of information occurred from the phone (which contains the data regarding how much money you put in) and the terminal (which contains data regarding product price). By tapping the phone, the consumers initiate the exchange of information and the balance in the phone will be automatically deducted by the price in the terminal.
