Answer:
The boom and bust cycle is a key characteristic of capitalist economies and is sometimes synonymous with the business cycle. During the boom the economy grows, jobs are plentiful and the market brings high returns to investors. In the subsequent bust the economy shrinks, people lose their jobs and investors lose money.
Explanation:
Social equality
. Progressive taxation is often touted as a way to mitigate the societal ills that could emanate from higher income inequality. High levels of income inequality can have negative effects on the politics of a country and long-term economic growth, employment which could lead to class conflict
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