Both originated in China.
Railroad, barbed wire and the modern water pump
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:
Answer: C)
Explanation:
The correct answer is C). Interest groups are not nominating candidates, that is the work for parties. Parties want to win elections because they are seeking the control of the government while interest groups are looking to gain the public and to inform them about everything that is happening.
Interest groups want to influence public policy and that is the major difference between those two.
