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Question 228·Hard·Transitions

Many economists predicted that post-pandemic entrepreneurial activity would stagnate as households sought stability. In the United States, however, the number of new business applications climbed by 24 percent between 2020 and 2021, suggesting that uncertainty can spur innovation. Similar surges occurred in several European countries, where digital platforms lowered entry barriers for first-time entrepreneurs. ____ venture-capital funding in these regions also hit record highs, signaling long-term confidence.

Which choice completes the text with the most logical transition?