The primary accomplishment of the First Continental Congress was a compact among the colonies to boycott British goods beginning on December 1, 1774 unless parliament should rescind the Intolerable Acts. Committees of observation and inspection were to be formed in each Colony to ensure compliance with the boycott.
"They reduce disposable income" explains how contractionary policies can hamper economic growth
<h3>Further explanation
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Disposable income is the amount of money that households have,available for spending and saving after income taxes accounted.
Expansionary fiscal policy is an increase in government expenditures, also a decrease in taxes that causes the government's budget deficit to increase or its budget surplus to decrease. In short, expansionary fiscal policy boosts economic growth by lowering interest rates.
Whereas contractionary fiscal policy is defined as a decrease in government expenditures, also an increase in taxes that causes the government's budget deficit to decrease or its budget surplus to increase. Contractionary money policy is used to combat inflation. In short, contractionary fiscal policy hamper economic growth by increasing interest rates.
Contractionary policy increases the cost of borrowing. It can decreases GDP and dampens inflation, but also leads to reduced disposable income. Another negative side effect is it makes an increase in the unemployment rate. Disposable income itself is the amount of money that households have, available for spending and saving after income taxes accounted.
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<h3>Answer details</h3>
Grade: 9
Subject: social studies
Chapter: hamper economic growth
Keywords: hamper economic growth
If Gina remarks: "it feels cold in here" and her two friends agree with her this shared sense of an objective experience is an example of the suggestion.
When Gina said "it feels cold in here" she influenced her two friends to realize the same thing and confirm it.
Answer:i never been to one so i really dnt how they meet nd greet
Explanation:
