Answer:
An increase in the supply of money works both through lowering interest rates, which spurs investment, and through putting more money in the hands of consumers, making them feel wealthier, and thus stimulating spending. Business firms respond to increased sales by ordering more raw materials and increasing production.
Explanation:
Money supply and interest rates have an inverse relationship. A larger money supply lowers market interest rates, making it less expensive for consumers to borrow. Conversely, smaller money supplies tend to raise market interest rates, making it pricier for consumers to take out a loan.
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The Enlightenment idea is best reflected in this excerpt is the social contract
- Social contract is simply known as a form of an agreement by which people state and limit their individual rights, thereby creating an organized society or government.
- The excerpt above is based on John Locke idea of social contract.
Conclusively, we can say that the enlightenment idea is best reflected in this excerpt is the social contract
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