It was first celebrated in Canada, in 1882. It was brought to the US by the travelers from Canada and it became a national holiday in Canada in 1894.
Answer: Say the Federal Reserve decides to reduce interest rates to stimulate economic growth. They do this by purchasing government securities over the open market with newly created money. The bank will take this new money and lend it out (or purchase securities, it doesn't matter due to arbitrage). This has the effect of increasing the supply of loanable funds, pushing down the interest rate.
Now just because the interest rate is lowered does not mean that the expansionary monetary policy will have its desired effect immediately. Lower interest rates encourage borrowing, and increased borrowing can increase employment, GDP, etc. There is a lag between the reduction in interest rates and its effects on the real economy. People will not respond to the lower interest rates by borrowing and hiring immediately; the effect can take 1-2 years.
Explanation:
<span>He would be called an ecologist. And the study of ecosystems is called ecology
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The first digitally operated and programmable robot was invented by George Devol in 1954 and was ultimately called the Unimate. This ultimately laid the foundations of the modern robotics industry.
