The Indus Valley civilization was known for its handicrafts and metallurgy
Explain this question more please
Either Chicago or Sandwich, IL. I think.
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.
B is likely the correct answer.
There are very few economists who advocate for the privatization of the military as the privatization of military has interesting efficiency and national security concerns. (Militaries in the hands of CEOs...)
Instead, many economists see the military as an example of the government providing for the protection of the collective common good and that it is most efficient and necessary for the government to provide this service.
