The First to Be Credited for Assigning the Terms Positive

question 23

Multiple Choice

The first to be credited for assigning the terms positive and negative to electricity was

• A)William Crookes.
• B)J.J. Thomson.
• C)Robert Millikan.
• D)Benjamin Franklin.
• E)none of the above

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Definitions:

Interest Rates

The percentage charged on borrowed money or paid on savings accounts, essentially the cost of borrowing or the reward for saving.

Say's Law

A principle that supply creates its own demand in the market.

Recession

A brief era of economic contraction marked by diminished trading and industrial output, commonly indicated by a reduction in GDP across two successive quarters.

Monetarists

Economists who emphasize the role of governments in controlling the amount of money in circulation.