Answer:
The statement recognizes that fiscal policy is not enough to keep an economy at full employment and with low inflation levels for a long period of type.
Explanation:
First of all, it is widely accepted by economists that society faces a short-term trade-off between inflation and employment. The reason for this is that controlling inflation in the short-term requires limiting the amount of money circulating in an economy, and less money means less saving, less investment, and thus, less employment. Hence, we can conclude that balance full employment with low inflation is extremely hard.
Secondly, fiscal policy by itself is not effective in controlling inflation. Inflation is the main goal of monteray policy, which is set by the central bank (in the United States, the Federal Reserve system), and uses a set of tools to achieve the aim of low inflation.
Sustainable development
Sustainable development is the organizing principle for meeting human development goals while simultaneously sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend.
The League of Nations
Explanation:
The sentate did not want to join the league of nations
Answer:
There is a Job Gap Between Rich And Poor. The analysis shows that middle-income people are getting pushed into lower-wage jobs, displacing low-income workers who are then jobless or forced to work fewer hours
Explanation:
