Answer:
Option b: It increased the purchasing power of rich Americans.
Explanation:
Revenue Act of 1926-Act gave tax breaks to the wealthy in an attempt to encourage the "trickle down effect." As it has Lowered the top income tax rate even further from the 1924 bill
The Revenue Act of 1926 was set up for the good of the American people and it has help in the process of increasing he purchasing power of rich Americans and it has reduced inheritance and personal income taxes drastically,ended public access to federal income tax returns and eliminate gift tax..
Mary and Paul made a great deal of money recently by winning the lottery. They come from families of little education or money. They moved to a beautiful new home in a neighborhood well known for the wealth and high social status of its residents. The neighbors have been unfriendly to them, ignore their attempts to make friends, and talk badly to each other about the new family in the neighborhood. This is an example of <u>relational </u>aggression.
In the field of sociology, such a type of aggression that targets the social relationships pr status of a person rather than physically hurting him is referred to as relational aggression.
Relational aggression occurs when a person does not believe the other person to belong to his social status.
In the scenario mentioned in the question, Mary and Paul became rich after winning a lottery so the new neighborhood was unfriendly to them because they believed them to not be of their social status. Instead of physical aggression, they showed relational aggression by being unfriendly to them.
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According to max weber, industrialized societies have a more <u>relativistic</u> view of morals than traditional societies.
Max Weber was a German sociologist, historian, jurist, and political economist. He is consider as one of the father of sociology along with August Comte, Durkheim and Marx.
Weber is known for his thesis that combines sociology of economics and the sociology of religion. He emphasized the importance of cultural influences as driving factors of capitalism.
Industrialized society is a society that uses technology and machinery to enable mass production, with division of labour.
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Ancient civilizations were built along rivers because the land was fertile.
Everything else held constant, an increase in planned investment expenditure <u>increases</u> aggregate <u>demand</u>.
Investment definition is an asset acquired or invested in to build wealth and save money from the hard-earned profits or appreciation. Investment which means is normally to reap an extra source of earnings or gain profit from the investment over a specific period of time.
Making an investment is an effective manner to put your money to work and potentially build wealth. Clever investing may allow your money to outpace inflation and increase in value. The greater growth potential of investing is primarily due to the power of compounding and the risk-return tradeoff.
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