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:
To protect their freedoms and property.
Agricultural civilizations such as Babylon insisted on harsh punishments for crimes given that they did not have ample resources to build jails or prisons where the criminals would be sentenced to. As a result, they imposed harsh punishments which also served to deter would be offenders
The western church and the eastern church differed in :
A. beliefs
unlike the western, The eastern church evolved into a more orthodox style catholic churches
hope this helps
