His administration helped broker a nuclear energy agreement with Iran.
<h3>
Who is Barack Obama?</h3>
Barack Hussein Obama II, an American politician born on August 4, 1961, presided over the country as its 44th president from 2009 to 2017. He was the principal African-American leader of the United States and an individual from the Democratic Party. [2] From 2005 to 2008, Obama addressed Illinois as a U.S. congressperson, and from 1997 to 2004, he addressed Illinois as a state representative.
The 44th President of the United States was Barack Obama. His life is a microcosm of the American experience: ideals from the heartland, a solid middle-class background, the belief that success comes from hard effort and education, and the conviction that a life so blessed should be spent helping others.
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The word that comes in the blank is "behaviorism".
Behaviorism refers to a learning theory that exclusively spotlights on equitably behaviors that are observable and rebates any free exercises of the psyche or mind. Behavior scholars characterize learning as just the securing of new conduct in view of ecological conditions.
"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.
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<h3>Answer details</h3>
Grade: 9
Subject: social studies
Chapter: hamper economic growth
Keywords: hamper economic growth
