The plague impacted the economy of late medieval by

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Explanation:

The plague had a significant impact on the relationship between the lords who controlled much of Europe's land and the peasants who worked for them. It became increasingly difficult to find workers to plough fields, harvest crops, and provide other goods and services as people perished. Peasants began to Demand increased pay.

The economy saw a spike in inflation that was both sudden and severe. Because it was so difficult (and hazardous) to obtain and create things through commerce, the costs of both locally produced and imported products soared.

The illness had a devastating effect. In general, a quarter of the population was slaughtered, but in certain small communities, half of the population was typically exterminated. A decline in output and consumption has immediate consequences on the economy and society.

according to worldatlas.com, the u.s. has an 86% literacy rate.