Economic historians do not believe there was a shortage of money in colonial America for which of the following reasons?

Question

Quizplus · Accepted Answer

All three factors listed in options A, B, and C suggest that there was no shortage of money in colonial America. Reasonable interest rates suggest that lenders were willing to provide money, rising long-term prices suggest that there was not a contraction in the money supply, and a growing economy suggests that there was sufficient money to fuel economic growth. Therefore, all three options suggest that there was no shortage of money in colonial America.

Economic Historians Do Not Believe There Was a Shortage of Money