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.
The letter provides us not only with the opportunity to understand past injustices, but it also helps us to shed the light of truth upon present injustices."
Today we can see that both the Declaration of Independence and the “Letter from Birmingham Jail” have served as role models for changes in the government because both documents have been successful in creating reforms within the government of the United States of America.
Foundational Documents: The Declaration of Independence, The Articles of Confederation, The Constitution, Brutus No. 1, Federalist Paper No. 10, Federalist Paper No. 51, Federalist Paper No.
Learn more about Independence here: brainly.com/question/9515546
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Explanation:
As one more cubanito in the city, O'Brien played ball in the county parks, then attended Braddock Pre-University and, after a period at Bethune-Cookman University, returned to play at the University of Miami.
After several goals with the Major League Amateur Draft, O'Brien signed with the New York Yankees in 2012, where he would begin a pilgrimage to several Minor clubs - with two brief stays in Major Leagues - belonging to Arizona, Kansas City, Cincinnati, Texas, Los Angeles and Miami, as if it were your destination to always return.
And now O'Brien, 25, dreams of playing for the Marlins. The truth is that in less than a month its impact is palpable, and its history subjugated. Who knows what can happen if he keeps stacking home runs.
This is true! i am a muslim and i’m doing social studies ☻
Answer:
A
Explanation:
They are authoritative and tell her what to do, but they arent authoritarian because they still appreciate her and give her hugs. An authoritarian is a dictator that does not show any remorse or compassion to its subject(s). Therefore, your answer
is A
