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Answer:
d. begin spending money again
Explanation:
Saving is seen to be detrimental to economic activity, as it weakens the potential demand for goods and services. Economic activity is depicted as a circular flow of money. Spending by one individual becomes part of the earnings of another individual, and vice versa.
To increase economic growth
Lower interest rates – reduce the cost of borrowing and increase consumer spending and investment.
Increased real wages – if nominal wages grow above inflation then consumers have more disposable to spend.
Higher global growth – leading to increased export spending.
The biggest effect of the French and Indian War was that it taught the 13 American colonies how to fight together. Before this war there was a mutual distrust between the thirteen. The next common foe would be Great Britain in the American Revolution.
This war also left Great Britain in extreme financial trouble within their military which of course will be a huge advantage for the colonists in the Revolution.
Great Britain tried to tax the colonists to make some money to be able to afford their military but this backfired when the colonists asked for representation in parliament-were denied- and started tossing tea off ships in Boston.
Therefore, we can really thank the French and Indian War for paving the way to our freedom.
