Answer:
All aspects of Contractionary fiscal policy is discussed below in details.
Explanation:
Fiscal policy is a kind of fiscal policy that includes raising taxes, limiting government expenses, or both in order to fight inflationary stresses. Due to an improvement in taxes, families have less disposable earnings to spend. Lower disposal earnings reduce consumption. Examples of this include reducing taxes and increasing government spending.
Answer:
African descent
Explanation:
European descent in the late 1600s believed the Africans as inferior based on their race and colour. Europe saw them as fit to do manual work for Europeans. African descent was physically different from Europeans. Africans had a strong body structure which allowed them to work in fields for long hours.
The beginning of the plantation in America changed the structure of the trade and expansion. The Sugar plantation changed colonial societies as the economy based on slaves came into existence. Slavery increased overall elasticity in labour. It was also more productive and made labour a capital asset.
The insecurity some felt about their social status when slaves were put in the lowest class and were forced to work as labour. They were considered as the property of their masters.
Answer:
the 1 one
Explanation:
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