A big increase in government spending is an example of a positive demand shock.
A demand shock is a sudden event that increases or decreases demand for goods or services temporarily. A positive demand shock increases aggregate demand and a negative demand shock decreases aggregate demand. Therefore there will be an initial inflation with the shock but since demand shocks are temporary and the central bank commits to an inflation rate target, then over time inflation will fall back down to the inflation target.
Expansionary fiscal policy is an increase in government spending or a decrease in taxation, while contractionary fiscal policy is a decrease in government spending or an increase in taxes. Expansionary fiscal policy can be used by governments to stimulate the economy during a recession.
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You wanna die? Talk about why you don’t want to die.
People are prideful of their nation. Nationalism is a way of explaining or putting in words how much some people really love their country. Some people love their country so much... they made a war. it honestly like that...everyone spent Billions of dollars. just to prove they were better and lost.
Answer:
Customer contact
Explanation:
In business, customer contact can be seen as the physical presence of a customer in a service system.
There are high customer contact services and low customer contact services.
Services with high customer contact include those that there is need for the business to have the physical presence of the customer around the service premises to function better. they include:
Health centers, public transportation, fitness centers, schools and restaurants
Services with low customer contact include those that there is no need for the business to have the physical presence of the customer around the service premises to function better. they include:
Chemical plants, manufacturing companies.
<span>Economic planning is a resource allocation mechanism that is contrasted with the market mechanism. As a coordinating mechanism for socialist economics, economic planning substitutes factor markets and is defined as a direct allocation of resources. This is contrasted with the indirect allocation mechanism of a market economy. There are various types that economic planning procedures and forms planning can take.</span>
