Answer:
b. and the equilibrium quantity of loan-able funds both would be higher.
Explanation:
- If in the past congress had taken additional actions to make savings more rewarding, then today it is likely that the equilibrium interest rate would be lower and the quantity of loan-able funds would be higher.
- Savings are affected by interest rate reward in that, when the interest rate are more rewarding, then, there shall be more customers ready to save their money and vice versa.
- The quantity of loan-able funds shall go higher out of the increased willingness to save.
Answer: American business interest.
Explanation:
The Japanese authorities signed the Kanagawa agreement under the US threat. This agreement ended Japan's isolation from America primarily. Japan pursued a policy of separation from the rest of the world. The agreement promised security for US citizens and established a consulate in Japan.
This move by the US government was primarily to protect the business interests of American citizens on Japanese soil. By signing this treaty, the Americans could fearlessly engage in trade and other activities on Japanese ground.