"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
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<span>Restorative programs, in contrast to the traditional punitive model, work to achieve the best outcome for both victim and offender. In working through mediation with the victim, the offender has an opportunity to make amends to their previous actions and prevent future offenses of that nature. As well, the victim has an opportunity to achieve a level of justice that aids in the victims recovery. The crime is viewed as an offense against the victim and the offender should make appropriate amends to the victim.</span>
Answer:
psychological contract
Explanation:
Psychological contracts are a set of 'promises' or 'expectations' that are exchanged between the parties in an employment relationship.
"She works with beliefs, perceptions, and informal obligations about what she is entitled to receive in return for what she provides to the organization."
