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:
It is illegal for slaves to learn to read and write.
Answer:
The president and vice president of the US are elected by indirect election. The candidates do not cast direct votes for president and vice president, they vote for members of the electors. The electors then cast their votes. The candidates which gets maximum votes is elected to the office.
Earlier as the provisions established by Article Two, the electors used to cast two votes for two different candidates. Candidate who got maximum number of vote became the president and the president with less votes than the winner became vice president.
Answer:
satellite and magnifying distant objects
Explanation:
i had the same question, so i know what picture you are talking about :)
Answer:
small states and large states
Explanation:
New Jersey wanted equal amounts (ended up as Senate), but Virginia wanted population-based representation (ended up as House). Connecticut or Great Compromise came up with the United States' current style of Congressional government, which incorporates elements from both plans. :)
