Should central banks target inflation? Pros and Cons of Inflation Targeting Inflation targeting allows central banks to respond to shocks to the domestic economy and focus on domestic considerations. Stable inflation reduces investor uncertainty, allows investors to predict changes in interest rates, and anchors inflation expectations. Why do central banks want inflation? Inflation targeting is […]
What are the expansionary monetary policy and contractionary monetary policy?
What are the expansionary monetary policy and contractionary monetary policy? Expansionary monetary policy is simply a policy which expands (increases) the supply of money, whereas contractionary monetary policy contracts (decreases) the supply of a country’s currency. How does the monetary policy affect the money supply in the economy? Monetary policy impacts the money supply in […]
How do you use whom in a question?
How do you use whom in a sentence examples?
What is the difference between which and who?
What is an example of the golden mean?
What is an example of the golden mean? The golden mean represents a balance between extremes, i.e. vices. For example, courage is the middle between one extreme of deficiency (cowardness) and the other extreme of excess (recklessness). A coward would be a warrior who flees from the battlefield and a reckless warrior would charge at […]
What happens when the reserve requirement is increased?
What happens when the reserve requirement is increased? By increasing the reserve requirement, the Federal Reserve is essentially taking money out of the money supply and increasing the cost of credit. Lowering the reserve requirement pumps money into the economy by giving banks excess reserves, which promotes the expansion for bank credit and lowers rates. […]
When did the second Persian war start and end?
When did the second Persian war start and end? Second Persian invasion of Greece Part of the Greco-Persian Wars Date 480 BC–479 BC Location Greece Result Greek victory Belligerents Athens Sparta Other Greek city states Achaemenid Empire How many times did Persia invade Greece? Greco-Persian Wars, also called Persian Wars, (492–449 bce), a series of […]
What is a metaphor in literature?
What is a metaphor in literature? A metaphor (from the Greek “metaphorá”) is a figure of speech that directly compares one thing to another for rhetorical effect. While the most common metaphors use the structure “X is Y,” the term “metaphor” itself is broad and can sometimes be used to include other literary terms, like […]
What were the results of the Persian War?
What were the results of the Persian War? Silver mining contributed to the funding of a massive Greek army that was able to rebuke Persian assaults and eventually defeat the Persians entirely. The end of the Persian Wars led to the rise of Athens as the leader of the Delian League. What were the effects […]