Answer:
The statement recognizes that fiscal policy is not enough to keep an economy at full employment and with low inflation levels for a long period of type.
Explanation:
First of all, it is widely accepted by economists that society faces a short-term trade-off between inflation and employment. The reason for this is that controlling inflation in the short-term requires limiting the amount of money circulating in an economy, and less money means less saving, less investment, and thus, less employment. Hence, we can conclude that balance full employment with low inflation is extremely hard.
Secondly, fiscal policy by itself is not effective in controlling inflation. Inflation is the main goal of monteray policy, which is set by the central bank (in the United States, the Federal Reserve system), and uses a set of tools to achieve the aim of low inflation.
Answer:
State Government Under the Tenth Amendment to the U.S. Constitution, all powers not granted to the federal government are reserved for the states and the people. The U.S. Constitution mandates that all states uphold a "republican form" of government, although the three-branch structure is not required.
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Members of a group can choose what is good or terrible for themselves under a direct democracy system. Citizens have the power to decide on policy initiatives without the representation of legislators, and they have the power.
Every every legislation, bill, or matter of justice is put to a vote by the entire populace in a direct democracy.
Every eligible voter in ancient Athens was forced to cast a ballot on every topic, making the city a model of direct democracy.
Hence, most laws should be passed through popular initiatives or ballot referendums. In the form of governance based on direct democracy.
<h3 /><h3>Describe indirect democracy using an example.</h3>
- Representative democracy is another name for indirect democracy. It is the political system where representatives act in the parliament on behalf of the people and communicate their concerns.
- America, India, Canada, and the United Kingdom are the four nations with indirect democracy.
To learn about more indirect democracy, visit:
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