These national obligations to the states illustrate the concept of federalism because it is the national gov's responsibility to its separate but contributing, building blocks.
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Answer:
Increased Inflation.,
Cutting interest rates isn’t guaranteed to cause a strong economic recovery. Expansionary monetary policy may fail under certain conditions.
If confidence is very low, then people may not want to invest or spend, despite lower interest rates.
In a credit crunch, banks may not have funds to lend, therefore although the Central Bank cuts base rates, it is still difficult to get a loan from a bank.
Commercial banks may not pass the base rate cut on.
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William Penn's sold his rights to the colony to the Pennsylvania General Assembly and returned to England
Pennsylvania colonists forced Penn to agree that only the General Assembly could make laws
