Answer:
I'm pretty sure it's sociolgy
"They reduce disposable income" explains how contractionary policies can hamper economic growth
<h3>Further explanation
</h3>
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.
<h3>Learn more</h3>
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<h3>Answer details</h3>
Grade: 9
Subject: social studies
Chapter: hamper economic growth
Keywords: hamper economic growth
Answer:
Primary and Secondary sectors
Explanation:
Primary is the extraction of natural materials like mining, fishing, or agriculture.
Secondary is the manufacturing sector like producing man-made goods, or utilities.
Answer:
Social Identity Theory by Tajfel, Turner
Explanation:
Social identity theory proposes that a person's sense of who they are depends on the groups to which they belong
Answer:
based company. GreatPoint Energy is refining a process called catalytic gasification to convert coal into methane or substitute natural gas
Explanation:
