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).
Answer:
Rome became the most powerful state in the world by the first century BCE through a combination of military power, political flexibility, economic expansion, and more than a bit of good luck. This expansion changed the Mediterranean world and also changed Rome itself.
Answer:
the Mauryan dynasty
Explanation:
Ashoka was the third emperor of the Mauryan dynasty, grandson of its founder Chandragupta and son of the second emperor, Bindusara.
