Which of the Following Is TRUE

question 16

Multiple Choice

Which of the following is TRUE?

• A)the average nominal interest rate on the debt was higher in 1980 than in 2010
• B)the real interest rate was higher in 1980 than in 2010
• C)real interest payments as a percentage of government spending were higher in 1980 than in 2010
• D)nominal interest payments as a percentage of government spending were lower in 1980 than in 2010
• E)none of the above

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Definitions:

Ruling Class

The social group possessing the dominant power in a societal hierarchy, often controlling resources and institutions.

False Consciousness

A term used in Marxist theory to describe the way in which material, ideological, and institutional processes in capitalist society mislead the proletariat about their own interests.

Class Consciousness

The awareness of one's place in a social class system, especially in terms of shared interests and political identity among members of the same social class.

Analytic Marxism

A school of thought that seeks to reexamine Marxist theory using tools of analytical philosophy and rational choice theory.