James Madison is one of the writers
of The Federalist, along with Alexander Hamilton and John Jay. It is known as an
assortment of eighty-five essays which are written to elucidate the philosophy
behind the United States Constitution. Their main objective in writing that
book is to stimulate the authorization of the Constitution.
D. a foundation for self-government
Answer:
Increased Inflation.,
Cutting interest rates isn’t guaranteed to cause a strong economic recovery. Expansionary monetary policy may fail under certain conditions.
If confidence is very low, then people may not want to invest or spend, despite lower interest rates.
In a credit crunch, banks may not have funds to lend, therefore although the Central Bank cuts base rates, it is still difficult to get a loan from a bank.
Commercial banks may not pass the base rate cut on.
