The term "liquidity trap" describes a macroeconomic scenario in which

1 answer:

7 0

Low interest rates cause people to hoard money, making output and employment stagnate.

The concept of the liquidity trap was first proposed by John Maynard Keynes. He believed that if interest rates were extremely low, people would hoard money in the believe that interest rates could only increase. This results in a stagnation in the level of investment, which would theoretically halt the growth of income and employment. For this reason, Keynes and his proponents maintained that fiscal policy, rather than monetary policy, would be the most effective tool for leaving the great depression.

You might be interested in

One of the most important criticisms of piaget's theory of cognitive development is that

Ipatiy [6.2K]

The most important and one of the most criticism in regards to Piaget’s theory of the cognitive development is that many of the cognitive abilities are likely emerging earlier to children than of the Piaget thought by which became the most important criticism because of this event.

4 0

2 years ago

Read 2 more answers

The Nuremberg War Crimes trials established the international legal precedent that

andre [41]

Answer:

the Nuremberg War Crimes trials established the international legal precedent that individuals who violate human rights can be held responsible for their actions.

8 0

2 years ago

What are folkways?

hodyreva [135]

Its A
the traditional behavior or way of life of a particular community or group of people. that's the glossary definition

6 0

2 years ago

Read 2 more answers

Hal doesn’t think he has much chance of getting into his top choice for medical school. However, he still very much likes this s

son4ous [18]

Answer:

a. internal locus of control; external locus of control

Explanation:

Those are personality traits that are defined by the individual's beliefs according to the responsibility about his own actions, in the first case "Internal locus of control" supposes a high level of personal independence and a mayor achievement abilities, and the second "External locus of control" is the opposite, in this order of ideas, we would expect Hal not apply to that school because he knows that there are few possibilities to get in, may be for economical reasons or his personal preparation is not enough to the school standards, and in the another side, his desires to get in can be the best motivation to apply without take into account his real possibilities according to his economic situation or his knowledge capacities.

8 0

3 years ago

Stephanie's biology class had to go to the computer and follow a set of directions that guided them through the steps that a sur

Ivanshal [37]

Answer:B. helpless orientation.

Explanation:

In children who are already attending school there are differences in how they describe their effort , ability and all external contributors to their success.

There are mastery oriented and helpless oriented. Mastery oriented students believe that their success lies within them based on how much effort they put , they believe that if they work hard enough they can do even better.

Helpless oriented children they take failure is due to their inability to perfom well. They don't think even working hard can help them get better in their school work. Sometimes this is contributed by experiences that the child has went through which are not good and as a result their look changes into that of feeling helpless and not in control. This children need to be encouraged by their teachers to boost their ego.

Stephanie is focusing on the failure than achievement which is a sign of a helpless oriented child she feels incapable.

3 0

2 years ago