US: 40 degrees N
China: 30 degrees N
Answer:
d. begin spending money again
Explanation:
Saving is seen to be detrimental to economic activity, as it weakens the potential demand for goods and services. Economic activity is depicted as a circular flow of money. Spending by one individual becomes part of the earnings of another individual, and vice versa.
To increase economic growth
Lower interest rates – reduce the cost of borrowing and increase consumer spending and investment.
Increased real wages – if nominal wages grow above inflation then consumers have more disposable to spend.
Higher global growth – leading to increased export spending.
Answer:
It changed mostly politically.
Explanation:
Socially and economically speaking the Revolution did not have a major impact, indeed those who were part of the ruling classes remained in the upper classes. Slavery was not abolished after the Revolution, though in the North it was abolished shortly after the revolution.
Politically speaking it led to the creation of the Republic with its principles of liberty. The republic was inspired by the ideals of John Locke. The colonists were no longer the subjects of the British crown.
