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Answer:
<h3>The invention of gunpowder.</h3>
Explanation:
- The post classical era often called as post ancient period is the period between 6th century AD to 15th century AD. This period is also known as the medieval period and is known for the various discoveries and inventions made during this age.
- It was during the post classical era China invented the four greatest inventions of all time. They were the gunpowder, printing press, paper and compass.
- The invention of gunpowder changed the whole scenario of warfare. It had a very powerful impact on the ways of battles and warfare all over the world.
The oil-rich countries can help the poor oil ones in many ways, the reality of the world has shown how some countries like Saudi Arabia and Venezuela that are oil-rich countries have helped countries like Argentina, Haiti, Peru, Bolivia, Pakistan , Jamaica, among others; the oil bonanza has helped dozens of other countries to build houses, roads, improve electrical systems,reduce deseases, improve their economy, cancel external debts, etc., oil is a resource with multiple derivatives, which they haven´t been able to be replaced in its entirety, and although it is a resource owned by the country where it is located, these, in some opportunities have benefited other poorer nations with it.
"They reduce disposable income" explains how contractionary policies can hamper economic growth
<h3>Further explanation
</h3>
Disposable income is the amount of money that households have,available for spending and saving after income taxes accounted.
Expansionary fiscal policy is an increase in government expenditures, also a decrease in taxes that causes the government's budget deficit to increase or its budget surplus to decrease. In short, expansionary fiscal policy boosts economic growth by lowering interest rates.
Whereas contractionary fiscal policy is defined as a decrease in government expenditures, also an increase in taxes that causes the government's budget deficit to decrease or its budget surplus to increase. Contractionary money policy is used to combat inflation. In short, contractionary fiscal policy hamper economic growth by increasing interest rates.
Contractionary policy increases the cost of borrowing. It can decreases GDP and dampens inflation, but also leads to reduced disposable income. Another negative side effect is it makes an increase in the unemployment rate. Disposable income itself is the amount of money that households have, available for spending and saving after income taxes accounted.
<h3>Learn more</h3>
- Learn more about hamper economic growth brainly.com/question/11698157
<h3>Answer details</h3>
Grade: 9
Subject: social studies
Chapter: hamper economic growth
Keywords: hamper economic growth
