After the collapse the Pope became isolated in rome and bishops started to operate on their own. It also resulted in a combination of secular and ecclesiastical activities and often the secular ones gained an upper hand.
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Answer: No, government services could create inflation, which decreases the purchasing power of consumers.
Expansionary fiscal policy is when the government expands the money supply in the economy. It can either increase government spending or cut taxes. This provides consumers and businesses more money to spend.
The purpose of expansionary fiscal policy is to boost economic growth. It is used when the government wants to reduce unemployment, increase consumer demand, and avoid a recession. If the recession has already occurred, it seeks to end it.
The policy comes with some risks. High inflation is one of the most common ones. There is also a time lag between when a policy move is made and when it works its way through the economy, which makes analysis difficult.
The balloon begins to loose pressure.
Answer:
Reduce, increase
Explanation:
If a high inflation rate leads people to reduce their money holdings, this may lead to a further increase in the money supply and increase inflation.
Inflation will cause individuals to spend more more money thus the tendency to reduce money holding to meet cash spending. This in turn will lead to increased cash in circulation and thus increase in inflation.
