Answer:
The result would likely be a contraction of the economy. The GDP would probably fall or grow less.
A goverment applies contractionary fiscal policy when it reduces spending. Less government spending can reduce economic activity because spending can be a form of investment. For example, when the government spend less on building schools, roads and infraestructure, the people who build those lose their jobs, receive less income, consume less, and the economy contracts.
Contractionary monetary policy is applied by the central bank (the Federal Reserve in the United States). It would consist in reducing the amount of money available (the money supply). Less money in the economy results in higher interest rates. This creates a cycle in which banks give less loans, and investment falls. Less investment contracts the economy.
The man nominated for vice president replaced by Sargent Shriver was Thomas F. Eagleton
After the ritual, it was revealed that Eagleton had discovered a depression treatment in the 1960s. McGovern ultimately opted to replace Eagleton with former ambassador Sergeant Shriver, despite his initial support for keeping Eagleton on the ticket. The Nixon-Agnew ticket won the presidential election over the McGovern-Shriver ticket.
After the Eagleton controversy, the selection process for vice presidents took longer going forward. Senator Thomas Eagleton of Missouri, who petitioned labor unions and Catholics—two groups McGovern had singled out during the primary movement—was given the location by McGovern. The 1972 Democratic National Convention chose the team of McGovern and Eagleton.
Read more about McGovern on:
brainly.com/question/5414172
#SPJ4
Answer:
On the morning of Monday, June 19, 1865, Union Major General Gordon Granger arrived on the island of Galveston, Texas, to take command of the more than 2,000 federal troops recently landed in the department of Texas to enforce the emancipation of its slaves and oversee a peaceful transition of power, additionally nullifying all laws passed within Texas during the war by Confederate lawmakers.
Explanation:
Answer:
D. spread of the great depression to russia
Explanation:
i literally had a test over this exact subject tdy and their were questions like these. thats the answer buddy trust me.
