Answer:
d. the interest rate adjusts to balance the supply of, and demand for, money.
Explanation:
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.
It is passed down through family
Answer:
B George Washington was the first president of the United States.
Explanation:
The above statement falls into the category of common knowledge.
This type of knowledge do not need citations. This is because:
- They have numerous citations
- They are facts known by a lot of people.
Someone does not need to cite a source to prove that George Washington was the first president of the United States.
It is common knowledge and almost everyone knows it.
True, a scribe is an individual from any ancient culture that has been taught to read, right, and translate.
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