Answer:
This borrowing may have a negative impact by crowding out private investment.
Explanation:
When the government goest into deficit spending to stimulate the economy in times when the economy is slowing down, what happens is that the government now demands more loanable funds: it demands a higher proportion of the savings in the economy in the form of government bonds.
This higher government demand for loanable funds crowds out private investment for two reasons:
- It raises the interest rate, making private investment more expensive.
- It reduces the amount of loanable funds available for the private sector (because it takes over a larger share of them).
Answer: In composing the declaration, Jefferson followed the format of the English Declaration of Rights, written after the Glorious Revolution of 1689. Most scholars today believe that Jefferson derived the most famous ideas in the Declaration of Independence from the writings of English philosopher John Locke.
<span>This is of course somewhat of a subjective question, but in general most would agree that the Roman Republic owned its success more to the military, because this is how it was able to claim territory. </span>
Those who were receiving the great share were the capitalists, the owners of the expanding industrial and commercial enterprises. For Marx, capitalism was simply what he observed in the European world around him, and primarily in Great Britain.
They were overthrown by the Sandinistas in 1979<span>.</span>
