If You Do Not Know How Much Your Readers Know

question 78

True/False

If you do not know how much your readers know about a topic, gear the amount of detail in your message to the needs of the secondary audience.

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Definitions:

Liquidity Trap

At very low interest rates, said John Maynard Keynes, people will neither lend out their money nor put it in the bank, but will simply hold it.

Liquidity Trap

A situation in which interest rates are low and savings rates are high, rendering monetary policy ineffective in stimulating economic growth.

John Maynard Keynes

A British economist whose innovative ideas transformed the approach to macroeconomics and influenced governmental economic policies.

John Maynard Keynes

A UK-based economist whose theories revolutionized both the practice and understanding of macroeconomics as well as state economic policies.