Explanation:
to have been in an error, and to have persisted in it, when it is detected, ruins both reputation and fortune.
"They reduce disposable income" explains how contractionary policies can hamper economic growth
<h3>Further explanation
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Disposable income is the amount of money that households have,available for spending and saving after income taxes accounted.
Expansionary fiscal policy is an increase in government expenditures, also a decrease in taxes that causes the government's budget deficit to increase or its budget surplus to decrease. In short, expansionary fiscal policy boosts economic growth by lowering interest rates.
Whereas contractionary fiscal policy is defined as a decrease in government expenditures, also an increase in taxes that causes the government's budget deficit to decrease or its budget surplus to increase. Contractionary money policy is used to combat inflation. In short, contractionary fiscal policy hamper economic growth by increasing interest rates.
Contractionary policy increases the cost of borrowing. It can decreases GDP and dampens inflation, but also leads to reduced disposable income. Another negative side effect is it makes an increase in the unemployment rate. Disposable income itself is the amount of money that households have, available for spending and saving after income taxes accounted.
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<h3>Answer details</h3>
Grade: 9
Subject: social studies
Chapter: hamper economic growth
Keywords: hamper economic growth
1. It was the first college to allow African Americans and women to attend
2. The first text book used in America
3. He created a sales tax to fund schools.
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The correct answer to this open question is the following.
Although there are no options attached we can say the following.
A Free Market System and Centrally Planned System impact consumers and producers differently in that in the Free Market System, it is the supply and demand, the factors that decide the price of goods and services. On the other hand, in a Centrally Planned system, it is the intervention of the state -the government- which decides the price of the goods and services in a fixed way.
In total opposition to a free-market economy where individuals promote capitalist ideas to invest money and create companies to be rich, in a central system or command economy is the state the one that owns the means of production. The central government decides the kind of products to be produced, the price of the products, how to produce the goods, and the amount that is going to be produced.
<u>Answer:
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C) Lower needs are concerned with the physiological needs and existence requirement whereas higher needs are concerned with self-esteem, self-actualization, and growth.
<u>Explanation</u>:
Mash-low hierarchy of needs is a motivational theory that describes the human needs in a pyramid
<u>There are from lower to higher study needs are there :
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- Self-actualization needs.
The first three needs are lower. Without completion or fulfillment of these needs, we can not reach the higher needs called the last two needs.