Contractionary fiscal policy calls for a decrease in government spending and an increase in taxes. This is used as a macroeconomic tool to slow down an economy by a country’s central bank or finance ministry. Contractionary fiscal policy reduces the money supply and ultimately the country’s spending.
The statement presented in the question is an example of inductive reasoning, where a general conclusion is drawn based on specific observations or examples.
The statement presented in the question is an example of inductive reasoning. Inductive reasoning is the process of making generalizations based on specific observations or examples. In this case, the student observes several elderly people passing by on the sidewalk and concludes that only elderly people live in their neighborhood. However, this conclusion may or may not be correct, as it is based on a limited number of observations.
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Answer:
54
Step-by-step explanation:
Let's say the magazine costs . Since the pizza costs twice as much as the magazine, the pizza costs .
Now we know that the total cost of the magazine and pizza is $9.75. So, the equation becomes:
Combining like terms, we get:
To solve for , we divide both sides of the equation by 3:
Therefore, the pizza costs:
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Answer:
pizza costs = $3.25
Step-by-step explanation:
let the cost of pizza = $x
let the cost of magazine = $y
according to the question:
x + y = 9.75 (1)
y = 2x (2)
by substituting the value of y from equation (2) into equation (1)
x + 2x = 9.75
3x = 9.75
x = 9.75/3 = 3.25
thus, cost of pizza = $3.25