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MaRussiya [10]
3 years ago
13

What was meant by a " war of attrition"?

Social Studies
1 answer:
Yuki888 [10]3 years ago
8 0
<span>a prolonged war or period of conflict during which each side seeks to gradually wear out the other by a series of small-scale actions</span>
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d. the interest rate adjusts to balance the supply of, and demand for, money.

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In Keynes's view, the interest rate is the premium that economic agents get for delaying the consumption that satisfies them. This is why people decide to save rather than consume. Thus, the consumer decides between present consumption or future consumption, depending on the attractiveness of the interest rate practiced in the market. In other words, the interest rate acts as the beacon between supply and demand for money. When the interest rate is attractive, savers forgo current consumption and save for extra income.

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The term "selected by the Legislature thereof" is changed to "elected by the people thereof" in the first paragraph of Article I, section 3 of the Constitution by the Seventeenth Amendment, which also provides for the election of senators. Additionally, it permits each state's governor or executive authority

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