The Concept of ____________________ Proposes That Species Change Little or Gradually

question 56

Short Answer

The concept of ____________________ proposes that species change little or gradually over long periods of time and then evolve quickly to give rise to new species.

---

Definitions:

Equilibrium Interest Rate

The equilibrium interest rate is the rate at which the demand for funds equals the supply of funds in the financial markets, balancing savings and borrowing.

Total Output

The complete quantity of goods or services produced by an entity within a specific period.

Loanable Funds

Financial resources available for borrowing, which constitute the supply in the loan markets.

Interest Rate

The percentage charged on the total amount of borrowed money or paid on savings, indicating the cost of borrowing or the reward for saving.