Answer:
D. when the government decreases the interest rate
Explanation:
Fiscal policy can be defined as the use of taxes, government spending and transfers to stabilize an economy. Expansionary fiscal policy of the government is when the government of a country decreases its taxes and increases its expenditure. the word "fiscal" refers to tax revenue and government spending.
when the government reduces its interest rates, consumers pay less interest, they have more money to spend and there will be drastic effect to that because there will be more spending in the economy. businesses also benefits from this decreased interest as they will be motivated to buy equipment and obtain loan to boost their businesses and pay less interest.
Answer:
73 years
Explanation:
To solve this problem, we can use the formula for the annual compound interest, which is:
where:
A is the final amount after time t
P is the principal
r is the rate of interest
t is the time
In this problem, we have:
is the principal
is the interest rate (5.5%)
We want to find the time t at which the amount of money is
A = $100,000
Therefore, we can re-arrange the equation and solve for t:
So, it will take 73 years.
Answer:
Communication styles are the broad ways in which people tend to communicate with others.
Explanation:
