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Ipatiy [6.2K]
3 years ago
14

According to Keynes, if aggregate demand is too high and an inflationary gap is beginning to develop in the economy, fiscal poli

cy should be contractionary. T/F
Social Studies
1 answer:
NNADVOKAT [17]3 years ago
4 0

Answer:  The correct answer is : True

Explanation:  A contractionary fiscal policy prescription or raising taxes and / or decreasing government spending will help to reduce aggregate demand and thus reduce the inflationary gap. Keynesian economics is a theory of total spending on the economy and its effects on production and inflation.

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ASHA 777 [7]

Answer:

Political:  Colombia was close to legalizing abortion. Instead, a top court kept restrictions in place

Source: The Washington Post, Date: 3/03/2020

On 2006, Colombian constitutional court ruled abortion was legal in three specific cases: pregnancy resulted from violation, a risk to the mother's life, or fetus malformation. However, pro-choice activists argue that poor women find too many barriers to access legal abortion, hence they risk their lives using illegal abortion clinics. Therefore, legal abortion reduces inequality between poor and middle-class women. Colombian pro-choice activists received a boost when the president announced he intends to issue a bill to legalize abortion. Pro-choice activists hoped that the Colombian Constitutional court would rule to legalise abortion in the country, but the legalisation of abortion was one vote short to be ruled.

Economic:  UPDATE 1-Colombia tries to calm coronavirus fears, market skeptical

Source: Reuters, 9/03/2020

Colombia's government and central back stated on Monday that Colombia's economy can withstand the coronavirus' impact on the global economy. The finance ministry stated that the fundamentals of the Colombian economy are still solid and will absorb the described external shocks without severe trauma to financial activity and stability. However, analysts disagree with the government's statement. Crude is the main Colombian export and source of foreign exchange, so after Monday's 10% fall on oil price, the Colombian peso lost 6.29% of its value. Therefore, it is plausible that the Coronavirus impact over the economy could lead the Country to miss the fiscal deficit target of 2.2% of GDP, leading to a credit rating downgrade.

Social:  Colombia Is Dealing With a Terrifying Refugee Crisis. Will Wealthy Nations Step Up to Help?

Source: The New York Times, 03/10/2020

More than 5 million people have fled Venezuela in the past 15 years, the largest refugee crisis in Latin America in recorded history. Venezuelans refugees reaching Colombia are in dire poverty conditions, fleeing from violence as well as from hunger, disease and lack of basic necessities, making Colombia one of the largest receivers of Venezuelan migrants. Therefore, Colombia is the country that has received the heaviest burden, with thousands of people crossing its border each day. To attend the crisis, the country is by its own means, and the money simply is not enough. Roughly, each Venezuelan refugee has received about $125. Given the size of the crisis, wealthy nations should do more than they are doing to support Colombia and Venezuelans refugees to overcome this crisis.

Explanation:

7 0
3 years ago
How much time passed between the arrival of early humans and viking settlement on Newfoundland
Len [333]
About 40 thousand years
3 0
3 years ago
President Nixon began a policy of measured troop withdrawals from Vietnam. What was this policy called? A. de-escalation B. dete
Katen [24]

I believe the answer is: A. De-escalation


At that time, the united states troops was losing on the battle of vietnam. The majority of united states citizens who originally supported the war started to voice up their concern and demanded the government to end the war. So Nixon created de-escalation policy to gradually pull united states troops from Vietnam.

7 0
4 years ago
Read 2 more answers
Jerry and Elaine have a rule that whoever gets home first will walk the dog. Elaine returns from work to find Jerry asleep on th
Over [174]

Answer: Social vs relational

Explanation:

Jerry transgressed the rule by allowing Lola have the leash in her mouth. It was agreed that who gets home first controls the dog but this scenario played out by Jerry made it be a social vs relational scenario.

4 0
3 years ago
1. Identify the phases of the business cycle and the problems caused by cyclical fluctuations in the market economy.
Semenov [28]

<u>Answer:</u>

<em>Business cycles are distinguished as having four particular stages: top, trough, compression, and development. </em>

<u>Explanation:</u>

<em>Business cycle changes happen around a long haul development pattern</em> and are typically estimated by considering the development pace of genuine total national output.

<em>Three Ways Monetary and Fiscal Policy Change It.</em> The business cycle is brought about by the powers of organic market, the accessibility of capital, and assumptions regarding what's to come.

<em>This is what causes every one of the four periods of the blast and bust cycle.</em>

6 0
3 years ago
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