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.
A trade imbalance occurred when America’s _<u>imports</u>_ from Britain exceeded its ___<u>exports</u>___ to Britain.
Answer:
Philemon- prosperous person who owned many slaves
Onesimus- slave belonging to Philemon
Apphia- probably the wife of Philemon
Archippus- probably the pastor or elder of Philemon's
Timothy- with Paul when he wrote to Philemon's home church
Paul-Onesimus designates himself "the aged" in
Explanation:
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Well President Harry S. Truman wanted a new weapon to end the War and on August 6, 1945, Enola Gay dripped the bomb over Heroshima a Japanese city.
The Santa Fe trail started in Independence, Missouri and ended in Santa Fe, New Mexico (hence the name, Santa Fe). Hope this helped!
