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.
One day i just felt like running
<span>Actually vice president always comes under the direct controll of president, hence it can be considerd very important because theres lot of critical responsibilities and follow ups which are carried on the shoulders, most of the times and then its very unimportant because in case of anybody any small mistakes or miscommunications then vice president will be directly responsible from the top levels to face the tough questions.</span>
Warring states were defeated, and China was unified: Qin dynasty<span>Confucianism strengthened and spread: Han dynasty
</span><span>Written laws came into effect as a writing system developed: Zhou dynasty
</span><span>Hope this helped.
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