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.
A leap year is a calendar year that contains an additional day added to keep the calendar year synchronized with the astronomical year or seasonal year.
Answer: availability heuristic
Explanation:
Availability heuristic is very useful and essential in decision making or taking. Most times in our decision making process, we tend to recur information or things that occurs a long time ago or a common phenomenon that suddenly appears in our thoughts and we base our decision at times by the outcome of those thoughts. Example is when phone theft I reported on TV constantly, you can infer mostly that it occurs in you area often that it does. In this type, you give power to the information and most times you overestimate the likelihood of it occuring.
Gerald for is after and Lyndon johnson was before
The British imposed taxes on the colonists because they believed they could not do anything about it. The colonists did not like these taxes (obviously) and later protested the increased taxes with events such as the Boston tea party.
