There is no picture to see to answer the question.
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:
D. His improvements allowed the steam engine to run more efficiently on oil instead of coal.
