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A period of reassessment in a person's life that may result in a positive change, such as a new hobby or career is known as midlife crisis. Usually men buy a new car, or women start doing some hobbies they would never do before.
If an economy is experiencing inflation, aggregate demand is above full-employment and the government will increase spending and decrease taxes.
Answer: Option B
<u>Explanation:</u>
The inflationary gap occurs when total demand is greater than the level of the outcome at full employment. Therefore, inflationary gap is the estimation of the excess amount of total demand over total supply at full employment. The hike in the amount of discretionary income for both consumers and business results from the government’s expansionary fiscal policy.
When government or pivotal authority slit taxes the investment for capital improvement, new hiring or employee’s payment reimbursement is processed by businesses and consumers may spend more for buying goods. The government can also encourage economy by investing in infrastructure projects. Such actions can result in a price hike due to the high demand for goods and services.
Economic Forces As a political conservative, he believes this improvement is primarily due to economic forces. Development in urban life is a result of economic factors or economic development.
More about development and economic forces:
It is generally agreed that economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology. Economic factors play a critical role in a country's economic development. In most cases, the stock of capital and the rate of capital accumulation determine whether a country will grow or not at a young age. There are a few other economic factors that have an impact on development, but their significance pales in comparison to capital formation.
Learn more about economic development here:
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