1) Erodes Purchasing Power. This first effect of inflation is really just a different way of stating what it is.
2) Encourages Spending, Investing. A predictable response to declining purchasing power is to buy now, rather than later.
3) Causes More Inflation.
4) Raises the Cost of Borrowing.
5) Lowers the Cost of Borrowing.
Reduces Unemployment.
Explanation:
When a government passes a law granting citizens tax credits if they use public transportation on a regular basis, it is using the incentive technique.
Incentive refers to positive rewards provided to certain individuals in order to encourage them to do a certain activity.
Granting tax credits for citizens who use public transportation would be useful for the government in their attempt to solve the issue pertaining to traffics on busy roads while making the citizens feel rewarded for behaving well.
In 1851 by Sir George Airy
John Tyler he was the 10th president
Two inventions from the World War two are the radar and the sonar, both of which had a huge impact in the war, but also after it, becoming a widely used devices all over the world.
The radar was an invention that was enabling detection of objects in the air. Initially it is was used for detection of planes, as that's where the biggest threat was coming. This device enabled the soldiers and the civilians to be warned about the oncoming danger, but also to be able to respond adequately to the threat.
The sonar was another invention inspired by the war. It had the same basic purpose as the radar, just that it was used for detecting objects in the water. This was a crucial instrument that gave the submarines big advantage in locating the enemy and destroying it, or if not capable of that, being able to move away and avoid it.
