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.
<h2>•The United States is a pluralistic society. Because a pluralistic society by definition is one that includes a diverse group of people who have..</h2>
Answer:
The Epic of Gilgamesh is a epic from Mesopotamia. The Hebrew Bible is a Jewish Blible. Gilgamesh was based off of the great king of Ur who went on a journey to find immortality but learned that death is unescaple and the Hebrew Bible is the teachings of the Ten Commandments, Hebrews, and the Israelites.
Explanation:
I just finished both assignments.
<span>Her memory for the start of her list demonstrates the
"primacy" effect, while remembering things at the end of the list is an example of the
"recency" effect.</span>
The main thing in an index or list is at first recognized
from past exercises as imperative (primacy effect) and might be stored to long term
memory when of review. Things toward the finish of the list are still in short
term memory (recency effect) at the moment of review.
Answer:
SUMMARY The two great Bible teachings are the law, which tells us what we should and should not do, and the gospel, which tells us what God has done for us.
Explanation:
