Peer pressure
<h3>What are peer pressure and its effects?</h3>
When you make a decision because you want to feel liked and respected by your friends, this is known as peer pressure or peer influence.
Peer pressure can be advantageous. For instance, your child might be persuaded to try new things, be more assertive, or become more interested in school.
However, it can also be harmful. Teenagers sometimes decide to attempt activities they wouldn't otherwise be interested in, like smoking or acting in an antisocial manner.
Teenagers who are subjected to peer pressure may:
- Select the same hairstyle, jewelry, or clothes as their friends,
- Listen to the same music or watch the same TV shows as their friends
- Break rules or taking risks
- Work harder at school or less hard
- Date or engage in sexual activity
- Smoke, use alcohol or other drugs
Learn more about peer pressure here:
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Answer:
Tax cuts boost demand by increasing disposable income and by encouraging businesses to hire and invest more.
Tax increases do the reverse. These demand effects can be substantial when the economy is weak but smaller when it is operating near capacity.
Explanation:
How do taxes affect the economy in the long run? High marginal tax rates can discourage work, saving, investment, and innovation, while specific tax preferences can affect the allocation of economic resources. But tax cuts can also slow long-run economic growth by increasing deficits