Deficit spending is government spending, in excess of revenue, of funds raised by borrowing rather than taxation. Kennedy supported it to increase growth and create more jobs.
Answer:
New Zealand is a multicultural country. New Zealand's citizens accept and welcome multiculturalism. The majority of residents of New Zealand accept other ethnicities and nationalities and have no problem with all of them as long as they obey the law and respect the regulations of the country.
Explanation
A multicultural New Zealand where people of different cultures and beliefs live safely and in harmony.
To represent and support multicultural councils and ethnic, migrant and refugee communities through leadership, partnership, capacity building and service delivery.
Diversity, Inclusiveness, Equality, Participation, Collaboration, Service to the Community.
Answer:
Causes of stagflation in 1970:
1. The increase of oil prices and consequent increase of gasoline prices this phenomenon is known as cost push inflation.
2. Higher level of unemployment
Explanation:
Stagflation is the lethargic economic growth, depicted in factors such as high unemployment, happening while there are high rates of inflation in a given economy.
In 1970 the United States economy experienced stagflation because the oil prices reached historical high prices increases the cost of gasoline as well. As oil is the main raw material for producing gasoline the increase of oil prices caused a cost push inflation.
Usually economist believed that inflation was desirable as it was caused by the increase of demand, which mean that employment was being generated and therefore the need for consuming more goods and services was a logical explanation of the increase in demand. However, during the 70's this increase was the result of an externality (the increase of oil prices). At the same time the levels of unemployment rose in that decade creating the stagflation of the United States Economy.
Philadelphia was great for trading and factories because <u>it was on a river,</u> located along the Delaware River and Schuylkill River, in the greater Delaware Valley.
People here in Philadelphia traded lumber, coal, furs, textiles, and bricks.
Philadelphia was a trade center for the colonies that based an important part of its economy on trade with the advantage that was located next to the river and had ports.
Namibia and Poland have encountered relatively high rates in 2006 because of there economic policies. Poland and Namibia have growth rate of 3.3 and 4.2 respectively.
