As the early 1900's was still a religious period, many people had discontent with that theory because they thought it damaged the origins of the bible, and public morality.
Answer: It decreases the government purchases multiplier.
Explanation: The Government purchases multiplier is the factor by which the income in an economy increases due to government spending. For example if the government introduces $2 miilion into the economy through projects, the total effect on the economy is more than $2 million, it is multiplied through the contractors, their employees, the businesses the employees patronize and so on.
However, an increase in tax rate has the opposite effect on income, it reduces both the Marginal Propensity to Save and Marginal Propensity to consume. An increase in tax rate will reduce the multiplier.
A tax rate increase is a contractionary measure, that it, it reduces the aggregate demand while increased government spending is an expansionary measure, it increases the aggregate demand.
In Egipt with the faraon and slavery
I agree. No acts of kindness go not noticed.
Answer:
Some of the larger ethnic groups in Africa are the Arabs, Ashanti, Bantu, and Swahili. The major religions practiced in Africa are Islam, Christianity, and traditional beliefs. Remember a religious group shares a belief system in a god or gods, with a specific set of rituals and literature.
Explanation:
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