Answer:
This borrowing may have a negative impact by crowding out private investment.
Explanation:
When the government goest into deficit spending to stimulate the economy in times when the economy is slowing down, what happens is that the government now demands more loanable funds: it demands a higher proportion of the savings in the economy in the form of government bonds.
This higher government demand for loanable funds crowds out private investment for two reasons:
- It raises the interest rate, making private investment more expensive.
- It reduces the amount of loanable funds available for the private sector (because it takes over a larger share of them).
Answer:
FALSE
Explanation:
Not all county officials are elected though most are some are appointed
The African empires of Kush and Aksum resembled later empires in Africa as they grew powerful through trade. This is so they began to sell resources and in addition to that handmade woven goods were also produced and sold.
