When interest rates are increased, borrowing money becomes more expensive. This translates into both individuals and buisnesses having to slow down their enconomic growth, because financing their activities or production also becomes more expensive.
The Federal Reserve has the <u>double-task</u> of keeping prices manageable in a flourishing economy while keeping unemployment as low as possible. When there's inflation, it's been proven that slowing down the economy by increasing interest rates, tends to reduce inflation. That's why it's a good option. We have to keep in mind, however, that this will raise unemployment as a collateral effect.
As you can see, there's no easy answer when it comes to balancing all factors at the same time.
Hope this helps!
Immigrants made up the largest percentage of workers in American industry at the time. They mostly took up jobs relating to factory work, though a few minority groups, such as the Germans, made a living as farmers.
King Minos wreaked vengeance to the kingdom of King Aegeus for the death of his son. And the advancement of the plot was the result of the treaty between King Minos and King Aegeus wherein King Aegeus agreed to appease the wrath of King Minos.
Calvin Coolidge was the 30th president
Answer:
B. The comptroller
Explanation:
A United States comptroller holds a top position that manages the organizations' accounting activities and financial recordkeeping. He manages all financial activities including collections, payable transactions, payroll activities, and loan payments. As per the question, The comptroller can better guide the governor of Maryland regarding the tax revenue needed for the library.
