Answer:
False.
Explanation:
An ancient hero refers to a person who has contributed significantly to their ethnic or religious group in some way. A traditional hero could be credited as the discoverer of fire, or farming, songs, custom, law, or religion, and is typically a people's most famous legendary figure, sometimes as the founder of their ruling dynasty.
If an economy is experiencing inflation, aggregate demand is above full-employment and the government will increase spending and decrease taxes.
Answer: Option B
<u>Explanation:</u>
The inflationary gap occurs when total demand is greater than the level of the outcome at full employment. Therefore, inflationary gap is the estimation of the excess amount of total demand over total supply at full employment. The hike in the amount of discretionary income for both consumers and business results from the government’s expansionary fiscal policy.
When government or pivotal authority slit taxes the investment for capital improvement, new hiring or employee’s payment reimbursement is processed by businesses and consumers may spend more for buying goods. The government can also encourage economy by investing in infrastructure projects. Such actions can result in a price hike due to the high demand for goods and services.
Answer:
A.
Explanation:
While D is also correct, A is most correct. The US government cannot offer public services and other tax fueled services if everyone chooses not to pay.
<u>Answer</u>:
Output increases with less labor because: Capital and technology increases.
<u>Explanation</u>:
After industrialisation, many lands underwent the usage of secondary sectors and feudal society decreases gradually. Feudal lords lost their power and middle class people emerges as the prestigious people in the society. Industrialisation leads to the decrease in the labour in agriculture but production increases because of the capital infusion in agriculture and due to the arrival of new technology. Demand of food products never dropped as they increases simultaneously with the population hence the increase in capital along with the new technology increases the food production across many countries around the world.
