If a fiscal policy change is going to exert a stabilizing impact on the economy, policy must add stimulus to demand during a slowdown but it should restraint the demand during an economic boom.
Fiscal policy is the policy in which the government spending and taxation is used to influence the economy.
Governments generally use fiscal policy to promote strong as well as sustainable growth in the economy and reduce the poverty too.
The role and objectives of fiscal policy which gained importance during the recent global economic crisis is when the different governments stepped in to support financial systems.
Governments starts the growth, and also mitigate the impact of the crisis on vulnerable groups through the use of fiscal policy.
To know more about fiscal policy here:
brainly.com/question/27250647
#SPJ4
Because MP3 players cost less to make, if demand does not change, there will be more profit. This is because there would be the same amount demand and less money being made into making the product, meaning less expense, which means a bigger profit.
Answer:
(A) Traditionalist
Explanation:
Traditionalist -
It describes that a person who believes that the old ways are the best one ,
Traditionalist are the person who believe in writing letters rather than sending emails .
The person who still feel the old and traditional methods are the best .
Similarly from the data of the question , the correct answer is (A) Traditionalist .
