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.
D- Command economy.
an economy in which production, investment, prices, and incomes are determined centrally by a government.
In order to achieve their aim, this policymaker should use the Absolute Poverty Measure (Option B).
<h3>What is the Absolute Poverty Measure?</h3>
Absolute Poverty Measure refers to an economic condition or situation where the income of a household is way below the minimum levels required for them to be able to have shelter, food, clothing.
Absolute Poverty Measure is also a statistic that can be used to compare the economic welfare of people living in different geographical locations.
Learn more about Absolute Poverty Measure:
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Explanation:
A baby's father is playing with the baby and is also exercising his limbs. The father also changes the baby's diapers. While the mother feed the baby and also makes the child sleep by singing songs and reading stories.
This is typical in the sense that the father is engaged in more high-intensity play with the child while the mother is engaged in giving more comfort to the child and is care giving.
During the time of the war, the Allied and Axis Powers were the primary belligerents, but the United States still had their "hands-off" stance with international affairs. Though the United States did not directly fight in the war until 1918, they did assist their allies in Great Britain by secretly sending supplies by sea vessels across the Atlantic.
In 1915, a German U-Boat sank the RMS Lusitania, a British ocean liner, carrying British and American citizens to Liverpool. This was ultimately the determining factor for America to join the war, as it put America and Germany on thin ice. America ordered Germany to stop their U-Boat campaign, and when the commenced it again, America entered the war to stop them once and for all.
