Answer: All the the above
Explanation:
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.
The Center for Global Development produces an annual index that ranks 27 developed nations by their contributions to and support of development in poorer, developing countries.
<h3>What is an annual index?</h3>
An index is a measure of something. In finance, it generally refers to a statistical measure of change in a securities market.
Annual Index is that final adjusted implicit price deflator that figure for the calendar year which ends immediately before the Lease Year.
Basically, an annual index ranks 27 developed nations by their contributions to and support of development in developing countries.
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The states and global economies are connected in such a way that both are interdependent on each other.
<h3>What is the significance of a global economy?</h3>
A global economy is a phenomenon that tells about the conditions of the economy of the entire world at large, and does not take into account the economies of only an individual nation.
The individual states however, have become socially as well as politically interdependent on the global economies and vice versa.
Hence, the significance of global economy is aforementioned.
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