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.
Answer:
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Explanation:
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He gave stirring speeches
He used non violent resistance to attract attention
The promise to pass just and equal law was made by the signers of Mayflower Compact was influenced by the Magna Carta.
The Mayflower Compact was a set of self-government rules established by the English settlers who sailed to the New World on the Mayflower. When the Pilgrims and other settlers set sail for America in 1620, they planned to anchor in northern Virginia.
The principle of the rule of law was established by the English Magna Carta, which was written more than 400 years before the Mayflower Compact. In England, this still primarily referred to the king's law. The concept of law made by the people was carried forward by the Mayflower Compact. This concept is central to democracy.
Hence, the correct answer is the “Second” option.
To know more about Mayflower Compact, click here.
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