Which statement best describes the sixteenth-century English economy? Question 3 options: a) It was largely stable and growing with everyone generally prospering and looking optimistically towards the future. b) It was unstable and undergoing rapid changes with merchants gaining power and much of the population living in economic uncertainty. c) Urban and rural labor enjoyed higher wages and new bargaining power relative to the factory owners and landlords. d) Traditional aristocratic landholders gained economic power at the expense of merchants