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.
Number 1 is wrong. France lost the 7 Years War to Great Britain, so it had to give territory away. Therefore France is giving Great Britain complete control of the territory.
The rest, as far as I am concerned, are correct.
Answer:
In the healthcare sector, a patient medical records such as the genotype, blood group and allergies are usually stored in the computer database of the hospital. This makes finding such information easier as against the paper file method where the workers have to search thoroughly in the midst of thousands of files. This helps in the timely intervention of emergency cases.
Answer:
prevent monopolies.
Explanation:
A monopoly is when one company has almost complete control over one specific market. For example, John D. Rockefeller was considered a monopoly by many people as his company Standard Oil controlled roughly 90% of all oil created in the US during the late 19th century. This type of control by one company can have a negative effect on the consumers. This is due to the fact that the monopoly has very little competition. Since there are few (if any) companies that can compete with the monopoly, the company that has cornered the market may have the chance to raise prices as high as they want. This is due to the fact that there is no other source to get this good from. This is why the government regulates the development of monopolies.
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