The correct answer is: "The limited access to currency stifled business growth."
When the money supply is limited, there is scarcity in the money market and the interest rate (the price of money) rises. Therefore, through this price adjustment, equilibrum is reached in the market again.
High interest rates disincentivate investment because<u> borrowing funds to finance new projects has become relatively more expensive. Therefore, businesses will not conduct expansion policies</u> under this scenario.
The answer is 2. Had fewer rights, owned less land and paid more taxes than the wealthier members of the French population
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Between 1347 and 1352, the Black Death killed more than 20 million people
in Europe. This was one-third or more of Europe’s population.1
The plague
began in Asia and spread to Europe on trading ships.
Question 1: 1/3
Question 2: The south
Question 3: The cotton gin
Question 4: N/A