I think the answer is young adulthood
"They reduce disposable income" explains how contractionary policies can hamper economic growth
<h3>Further explanation
</h3>
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.
<h3>Learn more</h3>
- Learn more about hamper economic growth brainly.com/question/11698157
<h3>Answer details</h3>
Grade: 9
Subject: social studies
Chapter: hamper economic growth
Keywords: hamper economic growth
Answer:
The answer is Chandragupta lived in consistent dread of his adversaries. Chandragupta relied upon guidance from Kautilya.
Explanation:
Chanakya helped the main Mauryan sovereign Chandragupta in his ascent to control. He is broadly credited for having assumed an imperative job in the foundation of the Maurya Empire. Chanakya filled in as the main counsel to the two heads Chandragupta and his child Bindusara.An domain with container Indian character would have a culture and qualities drawn from every one of the locales of India. Is anything but a domain whose decision class are all from one locale and consequently administer in a way normal for that area.
