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.
Answer:
c. the Great Depression.
Explanation:
The global economic crisis following the World War I was caused by the Great Depression of 1929. The Great depression was one of the most horrible depressions of all time and affected many western worlds. The Great depression was caused a result of a fall in the stock market and government negligent of the banking sector in the United States.
The Open Door Notes - sent by U.S. Secretary of State John Hay in 1899 to open up Chinese ports to American merchants. European powers had "spheres of influence" in different port cities throughout China, and the United States wanted access to China's markets.
