1 is B. Germany
2 is A. Spartans
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).
It shows the culture of the Kikuyu people in its entirety both
its virtues and its flaws. It shows the
identity of a people and the changes they go through both in ancient times to
the modern era. The author wanted to
give more insight to the culture of his people that is not as primitive as the
Europeans view it.
