Expansionary and contractionary policies can be used to encourage or discourage economic growth. Expansionary policies generally lower taxes and give consumers and producers additional money, which encourages spending and growth. This is done when unemployment is high. On the other hand, contractionary policies generally raise taxes, which can give consumers and producers less to spend. This can cause less economic growth, but is necessary when the economy is growing too quickly and inflation is rising.
the difference between expansionary policy and contractionary policy
expansionary policies are used to stimulate the economy and reduce unemployment
<span>contractionary polices are used to reduce economic growth and combat inflation</span><span>
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<span>Christianity hope it helps
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President Harding's efforts to return to normalcy were prevented by political scandal because there was a lot of scandal during his administration, which distracted from the plan.
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As immigration from europe increased in the early 1800s, citizens who had been born in the Untied States began to fell resentment at the new arrivals. People did like them and opposed the immigrants which is known as nativists.
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