Answer:
The result would likely be a contraction of the economy. The GDP would probably fall or grow less.
A goverment applies contractionary fiscal policy when it reduces spending. Less government spending can reduce economic activity because spending can be a form of investment. For example, when the government spend less on building schools, roads and infraestructure, the people who build those lose their jobs, receive less income, consume less, and the economy contracts.
Contractionary monetary policy is applied by the central bank (the Federal Reserve in the United States). It would consist in reducing the amount of money available (the money supply). Less money in the economy results in higher interest rates. This creates a cycle in which banks give less loans, and investment falls. Less investment contracts the economy.
Answer:
Citizens can own property. Supply and demand drives production.
Consumers and producers make their own decisions.
Citizens can accumulate wealth.
Hope this helps!
Sincerely; Victoria<3
Answer:
Trait Theory
Explanation:
The Trait Theory explains leadership in terms of the innate characteristics of individuals who are leaders. The trait theory argues that successful people share some common personality characteristics known as "traits". Some of these common traits are integrity, empathy, assertiveness, good decision-making skills, and likability.
D. States' rights
Which rights, I'm not even sure, just rights in general...it was a very loose justification by the southerners.
Answer:
False
Explanation:
There are many factors that influence consumers' consumption patterns and demand for products and services.
Some of them include; <u>the social class to which they belong, the culture within the society</u> and their personal preferences.
