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rimidavisrimi795
03.10.2019 •
History
Which was not true of the early christian church?
a. christian communities spread across the roman world, but all followed a clearly defined theology
b. early christians came from many backgrounds but shared certain beliefs and practices
c. new converts were submerged or sprinkled with water
d. local christian leaders were called bishops, with the bishop of rome becoming known as the pope
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Ответ:
A. Christian communities spread across the Roman world, but all followed a clearly defined theology
Explanation:
Early Christian communities did spread across the Roman world, but they didn´t have a clearly defined theology going further than the fact that they believed in Christ, its death and resurrection, other than that they were pretty lost with the theology and ideology they were following, it wouldn´t be up untill later that they would have better organization and theology to follow and believe in.
Ответ:
The correct answer is indeed A) kept interest rates low.
Ok, let me try to resume.
When the central bank injects reserves, it encourages banks to lend out money at lower interest, attracting borrowers for this money and leading entrepreneurs to invest, once the higher interest rates would not be profitable. Interest rates coordinate savers and investors action. Investment requires resources to be frozen rather than consumed, meaning that less spending by the population reflects more resources available to fund these investments, resulting in a lower rate of interest.
When interest rates are pushed down by creating new money, the lower interest rate is not a representation of genuine savings by the public, it is artificially low. Increased business activity consumes resources while the population also keeps consuming more, causing a "tug-of-war" for resources between longer and shorter processes. When prices and interest eventually starts to rise, entrepreneurs find out their investment aren't actually profitable with these rates and are unable to complete the projects they started. This is the economic bubble, when the real economy can't withstand the perceived economy.
Now, finally going back into the answer.
During the late 1920s rates were kept artificially low by the Federal Reserve, sparking a boom, specially in the stock market, with prices rising up to 50 percent quickly. In 1929, once the government started tightening credit to cool down the overheated stock market it produced, the burst happened, leading the country into the Great Depression.
Sorry for the long explanation, hope you understand the concept ;)