Answer:
This borrowing may have a negative impact by crowding out private investment.
Explanation:
When the government goest into deficit spending to stimulate the economy in times when the economy is slowing down, what happens is that the government now demands more loanable funds: it demands a higher proportion of the savings in the economy in the form of government bonds.
This higher government demand for loanable funds crowds out private investment for two reasons:
- It raises the interest rate, making private investment more expensive.
- It reduces the amount of loanable funds available for the private sector (because it takes over a larger share of them).
B
they never really interacted much with the west except for stuff like the silk road.
Answer: Igbo-Ukwu is notable for three archaeological sites, where excavations have found bronze artifacts from a highly sophisticated bronze metal-working culture dating to 9th century AD, centuries before other known bronzes of the region. Later, these were excavated as well.
Explanation:
